Praxair, Inc. Confirms Preliminary Talks about a Potential Merger with Linde AG
Praxair, Inc. (NYSE: PX) today confirmed that it is currently in
preliminary discussions with Linde AG regarding a potential merger.
These discussions are ongoing and there can be no assurance that they
will result in a transaction, or on what terms any transaction may
occur. Praxair does not intend to comment further at this time.
About Praxair
Praxair, Inc., a Fortune 300 company with 2015 sales of $11 billion, is
a leading industrial gas company in North and South America and one of
the largest worldwide.
The company produces, sells and distributes atmospheric, process and
specialty gases,
and high-performance surface coatings. Praxair products, services
and technologies are making our planet more productive by bringing
efficiency and environmental benefits to a wide variety of industries,
including aerospace,
chemicals,
food
and beverage, electronics,
energy,
healthcare,
manufacturing, primary metals and many others. More information about
Praxair, Inc. is available at www.praxair.com.
Forward-looking Statements
This document contains “forward-looking statements” within the meaning
of the Private Securities Litigation Reform Act of 1995. These
statements are based on management’s reasonable expectations and
assumptions as of the date the statements are made but involve risks and
uncertainties. These risks and uncertainties include, without
limitation: the performance of stock markets generally; developments in
worldwide and national economies and other international events and
circumstances; changes in foreign currencies and in interest rates; the
cost and availability of electric power, natural gas and other raw
materials; the ability to achieve price increases to offset cost
increases; catastrophic events including natural disasters, epidemics
and acts of war and terrorism; the ability to attract, hire, and retain
qualified personnel; the impact of changes in financial accounting
standards; the impact of changes in pension plan liabilities; the impact
of tax, environmental, healthcare and other legislation and government
regulation in jurisdictions in which the company operates; the cost and
outcomes of investigations, litigation and regulatory proceedings; the
impact of potential unusual or non-recurring items; continued timely
development and market acceptance of new products and applications; the
impact of competitive products and pricing; future financial and
operating performance of major customers and industries served; the
impact of information technology system failures, network disruptions
and breaches in data security; and the effectiveness and speed of
integrating new acquisitions into the business. These risks and
uncertainties may cause actual future results or circumstances to differ
materially from the GAAP or adjusted projections or estimates contained
in the forward-looking statements. The company assumes no obligation to
update or provide revisions to any forward-looking statement in response
to changing circumstances. The above listed risks and uncertainties are
further described in Item 1A (Risk Factors) in the company’s latest
Annual Report on Form 10-K filed with the SEC which should be reviewed
carefully. Please consider the company’s forward-looking statements in
light of those risks.
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Copyright Business Wire 2016
Source: Business Wire
(August 16, 2016 - 10:20 AM EDT)
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