Business executive Reitzle wants to make Linde the global market leader for natural gas. But the planned merger with US company Praxair hasn’t gone down well with workers. They see it as a take-over by the Americans and they’re worried about jobs.
Linde shares have plummeted by about 10 percent after the German industrial gases giant warned that its planned merger with US-based Praxair was in trouble after US regulators had demanded more asset sales.
The boards of German company Linde and its US rival Praxair have voted in favor of a tie-up that will create the world's biggest supplier of industrial gases and comes amid a thorough shake-up of the market recently.
Industrial gas maker Linde of Germany and its US rival Praxair are resuming talks about a possible merger. A tie-up between the two enterprises would no doubt create the biggest company in the sector globally.
At Bayer's annual general meeting in Bonn, environmentalists and politicians voiced discontent over the proposed takeover. Both companies have come under fire for substandard ethical and environmental practices.
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