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Linde board still equally divided on Praxair merger -source
April 6, 2017 / 1:30 PM / 7 months ago

Linde board still equally divided on Praxair merger -source

MUNICH, Germany, April 6 (Reuters) - The labour and capital representatives on Linde’s supervisory board remain committed to their opposing positions over a planned merger with Praxair, a supervisory board source told Reuters after a board meeting on Thursday.

“No concessions were made,” the source said.

The German and U.S. industrial gases groups have agreed to pursue a merger of equals and are hammering out terms of a business combination agreement, but labour representatives are opposing the deal because it would dilute their influence.

Writing by Georgina Prodhan; Editing by Ludwig Burger and Kathrin Jones

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