Linde’s Merger with Praxair

On June 1, 2017, Linde AG (“Linde”) and Praxair, Inc. (“Praxair”) announced that the companies have entered into a definitive business combination agreement to come together under a new holding company through an all‑stock merger of equals transaction. The combination will create a company with a combined current market value in excess of $70 billion. Cravath is representing Linde in connection with the transaction.

The Cravath team is led by partners Richard Hall and Aaron M. Gruber and includes associates Nicholas A. Dorsey, Shamil P. Kotecha, Jessie Chiang, Jarrett V. Burks and Edward O. Minturn and foreign associate attorney Casper R. Nagtegaal on M&A matters; partner J. Leonard Teti II and associate Lingfeng Li on tax matters; practice area attorney Romica Singh on executive compensation and benefits matters; partner David Mercado and associates Yannick Adler and Magdalena Biereder on securities matters; and partner John D. Buretta and associate Megan Y. Lew on compliance matters. Philip F. Schreiber also worked on executive compensation and benefits matters and summer associate Michael D. Weil also worked on M&A matters.