04 January 2008 16:17 [Source: ICIS news]
At 16:25 (CET), Linde’s shares were trading at €94.97 on Germany's XETRA stock exchange, 4.45% higher than Thursday’s close.
In December, US chemicals major Dow said it would consider large takeovers as $9.5bn in cash was released from its new plastics joint venture with ?xml:namespace>
“We made clear that the next step is growing our performance businesses,” said Dow spokesman Chris Huntley. “As a consequence there are rumours about what we may or may not have in our sights.”
The Midland, Michigan-based company has been linked with several potential takeover targets since the joint venture announcement, including Linde’s industrial gases rivals Air Liquide and Air Products.
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