Linde Shareholder Representatives Recommend Termination Of Talks With Praxair

(RTTNews) - Praxair, Inc. (PX) confirmed that its preliminary discussions with Linde AG regarding a potential merger have terminated. In August, Praxair stated that the company is in preliminary discussions with Linde AG (LDE.L, LNAGF.PK) regarding a potential merger.

Separately, Linde AG announced that the shareholder representatives in its supervisory board recommended, in consensus with the CEO of Linde AG, to the management and supervisory board of the company to terminate the preliminary talks with Praxair. The company said the discussions about details, specifically about Governance aspects, did not result in a mutual understanding.