By Dana Mattioli and Eyk Henning
Praxair Inc. moved to restart negotiations with Germany's Linde AG over a combination that would create a $60 billion industrial-gas giant, two months after previous talks dissolved.
Praxair approached Linde last week and negotiations could begin soon, according to people familiar with the matter. Linde may not agree to resume talks, one of the people cautioned, and a deal is far from guaranteed.
The companies, each worth about $30 billion, were nearing an agreement to combine before talks broke down in September. The effort, which had been under way for two months, stalled in part because Munich-based Linde was uncomfortable with a plan to move the combined company's European headquarters to the U.S., people familiar with the matter said at the time. These people said then that the companies could ultimately return to the negotiating table.
There is no guarantee antitrust regulators would approve a merger agreement, which could create the world's largest industrial-gas producer.
Write to Dana Mattioli at firstname.lastname@example.org and Eyk Henning at email@example.com
(END) Dow Jones Newswires
November 29, 2016 13:25 ET (18:25 GMT)
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