- Praxair (NYSE:PX) and Linde (LNEGY) have begun hammering out the details of their proposed merger, and expect to finalize a definitive agreement by May and complete the merger in the following year, Handelsblatt reports.
- PX CEO Stephen Angel will lead the merged company from the U.S., but Linde's seat in Munich will receive dual headquarters status, according to the report.
- Separately, IBG-Indústria Brasileira de Gases reportedly may bid for assets of the two companies if Brazil's antitrust watchdog forces a divestment to approve the merger deal.