Germany's Linde completes tender offer for US' Lincare

08 August 2012 08:11  [Source: ICIS news]

SINGAPORE (ICIS)--Linde’s has completed the tender offer for all outstanding shares of common stock of US-based Lincare at $41.50 (€33.62) per share in cash, the German industrial gas supplier said on Wednesday.

The tender expired on 7 August as scheduled and was not extended, the company said in a statement.

“Linde intends to complete the acquisition of Lincare through a short-form merger without a vote or meeting of Lincare's shareholders,” it said.

Linde earlier last month said that it has entered into a definitive agreement to fully acquire medical gases and respiratory healthcare firm Lincare for $4.6bn.

Upon completion of the merger, Lincare will become a wholly owned indirect subsidiary of Linde, it added.

($1 = €0.81)

By: Nurluqman Suratman

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