20.12.2016 20:15:37
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Praxair Slumps After Announcing Intention To Merge With Linde
(RTTNews) - Shares of Praxair (PX) have come under pressure during trading on Tuesday, with the industrial gas maker slumping by 4.2 percent. Praxair hit a nearly one-month intraday low earlier in the session.
The drop by Praxair comes after the company signed a non-binding term sheet with rival Linde for a merger of equals.
Under the terms, Linde shareholders would receive 1.540 shares in a new holding company for each Linde share and Praxair shareholders would receive one share in the new holding company for each Praxair share.
![](https://images.finanzen.at/images/unsortiert/wertpapierdepot-absichern-aktienchart-boerse-750493204-260.jpg)
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