Germany's Linde completes $4.6bn acquisition of US' Lincare

14 August 2012 06:52  [Source: ICIS news]

SINGAPORE (ICIS)--Linde has completed the $4.6bn (€3.7bn) acquisition of US-based medical gases and respiratory healthcare firm Lincare, the German industrial gas supplier said on Tuesday.

Lincare is now a wholly owned indirect subsidiary of Linde and its common stock will no longer be listed on the Nasdaq Global Select Market, it said in a statement.

“As previously announced, on 8 August 2012, Linde completed a tender offer in which it purchased approximately 88.85% of the shares of Lincare common stock then outstanding at $41.50 per share in cash,” the company said.

Linde acquired the remaining issued and outstanding shares of Lincare common stock through a short-term merger “in which all such shares were converted into the right to receive the same $41.50 per share in cash that was paid in the tender offer”, it added.

($1 = €0.81)

By: Nurluqman Suratman

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