FRANKFURT (Reuters) - Industrial gases group Linde (LING.DE) said on Friday it had received approval from 90 percent of its shareholders for its planned $80 billion tie-up with Praxair PX.N.
If the merger completes, Linde would be in a position to initiate a so-called squeeze-out of minority shareholders under German law, Linde said in an update on the merger as required under stock exchange rules.
It said that no decision with respect to such a squeeze-out had yet been taken. The deal is subject to regulatory approvals.
Reporting by Douglas Busvine; Editing by Susan Fenton