PX - Linde AG: Merger News Favourable But Stock Price May Be Hitting A Ceiling
With uncertainty having surrounded the future of the Linde-Praxair merger for quite some time, Linde AG (OTCPK:LNAGF) shares have been rising after U.S. antitrust enforcers finally gave the green light for the merger to go ahead with Praxair (PX).
Source: investing.com
This deal allows the two companies to form the world’s largest industrial gas supplier, overtaking French company Air Liquide in this regard.
Having said this, the merger does somewhat change the landscape for Linde, in that cost savings are going to be significantly lowered as a result of the merger.