Linde +5% on new Praxair merger approach

|About: Linde AG (LNAGF)|By:, SA News Editor

Linde (OTCPK:LNAGF) is more than 5% higher in Frankfurt trading following reports that U.S. competitor Praxair (NYSE:PX) had moved to resume merger talks, which the two companies later confirmed.

A combination of Linde and Praxair, each worth ~$30B, could create the world's largest industrial gas producer.

"Although anti-trust regulatory clearance seems feasible, it requires substantial divestment and is still uncertain," a Bernstein analyst says, adding that Linde likely would demand merger terms that Praxair, known for its bidding discipline, could struggle to accept.