WSJ: Praxair resumes merger talks with Linde

|By:, SA News Editor

Praxair (PX +2.1%) jumps after WSJ reports that the industrial gas company has moved to restart negotiations with Linde (OTCPK:LNAGF +4.9%) over a potential merger, two months after previous talks collapsed.

PX approached Linde last week and negotiations could begin soon, although Linde has not yet agreed to resume talks, according to the report.

The previous merger effort is said to have stalled in part because the German group was uncomfortable with a plan to move the combined company’s European headquarters to the U.S.