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Linde-Praxair deal clears final hurdle with U.S. antitrust nod

Staff Writer |
Praxair and Linde won U.S. antitrust approval for their $86 billion merger on Monday, clearing the last hurdle for the deal in the nick of time.

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The all-share merger of equals will create an industry leader with revenues of about $27 billion and 80,000 employees across more than 100 countries, which will be called Linde plc.

That will make it bigger than France's Air Liquide, which had also bulked up with the takeover of rival Airgas.

The U.S. Federal Trade Commission said on Monday that the companies would have to divest assets in nine industrial gases product markets in United States as part of a settlement that resolves antitrust charges.

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