Praxair, Linde Business Combination To Be Completed In H2, 2018 - Quick Facts

(RTTNews) - Linde plc (PX) announced the proposed business combination between Praxair, Inc. (PX) and Linde AG has received unconditional antitrust clearance in Russia, satisfying a closing condition. The business combination remains subject to the satisfaction of other transaction closing conditions, including achieving the minimum acceptance ratio of 75% in Linde plc's exchange offer for Linde AG shares, and the receipt of all other regulatory approvals and certain other customary closing conditions.

The acceptance period for Linde plc's exchange offer will expire on October 24, 2017. The business combination is expected to be completed in the second half of 2018.