MUNICH (dpa-AFX) - The shareholders of Praxair Inc. (PX) approved the merger of the company with Linde AG with 83 per cent of the total issued and outstanding shares of Praxair common stock voted to approve the business combination, representing about 99 per cent of the total votes cast at a special shareholders meeting.
The approval represents the achievement of an essential condition for the transaction to close. A further condition to closing is the acceptance of the exchange offer of Linde plc dated 15 August 2017 for at least 75 per cent of the outstanding Linde AG shares. The acceptance period for the exchange offer of Linde plc ends on 24 October 2017 (24:00 hours CET).
Other conditions to closing include the obtaining of antitrust approvals and the fulfilment of regulatory requirements. Praxair, Inc. and Linde AG expect the merger to be completed in the second half of 2018.
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