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Report: Linde chairman backs Praxair deal

Dec. 01, 2016 6:27 AM ETLinde plc (LIN) StockLINBy: Yoel Minkoff, SA News Editor
  • Linde (OTCPK:LNAGF) supervisory board Chairman Wolfgang Reitzle is still in favor of a tie-up between the German industrial gases maker and U.S. rival Praxair (NYSE:PX), which has made a renewed merger proposal.
  • Recent concessions to Linde include giving the company's Munich headquarters a bigger role than initially planned and as well as providing some job guarantees, sources told Handelsblatt.

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