German industrial gases group Linde and US peer Praxair have ended merger talks that would have created a market leader with a value of more than $60-billion, they said on Monday, sending Linde’s shares tumbling. The two companies had been in early-stage talks amid consolidation in the industrial gas sector, where slower economic growth has weakened demand in the manufacturing, metals and energy sectors.
Source: www.engineeringnews.co.za
Linde, Praxair end bn merger talks
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