Following completion of the business combination between Linde and Praxair under the holding Linde plc, the companies have announced the implementation of a merger-related squeeze-out. Linde AG shall be merged into Linde Intermediate Holding AG, an indirect 100% subsidiary of Linde plc. The merger agreement entered into in that respect provides that a squeeze-out of the minority shareholders of Linde AG against adequate cash compensation shall occur in the context of the merger. The required squeeze-out resolution shall be passed at an extraordinary general meeting of Linde AG on 12 December 2018.
Hengeler Mueller advises Linde on the transaction. The team includes partners Jochen Vetter, Simon Patrick Link (both Corporate/M&A, Munich) and Hendrik Bockenheimer (Employment, Frankfurt), counsel Petra Mennicke (Corporate, Düsseldorf) as well as associates Daniel Engel, Daniel Illhardt, Lisa Kopp, Theresa Lauterbach and Thomas Daniel Weierer (all Corporate/M&A, Munich).