Linde completes acquisition of Lincare
(Thomson Reuters ONE) -
Linde AG /
Linde completes acquisition of Lincare
. Processed and transmitted by Thomson Reuters ONE.
The issuer is solely responsible for the content of this announcement.
Munich, 14 August 2012 - The Linde Group announced today that it has
successfully completed its previously announced acquisition of Lincare Holdings
Inc. (NASDAQ: LNCR). As a result of the transaction, Lincare has become a wholly
owned indirect subsidiary of Linde.
As previously announced, on 8 August 2012, Linde completed a tender offer in
which it purchased approximately 88.85% of the shares of Lincare common stock
then outstanding at USD 41.50 per share in cash.
Yesterday, Linde acquired all the remaining issued and outstanding shares of
Lincare common stock by means of a short-form merger in which all such shares
were converted into the right to receive the same $41.50 per share in cash that
was paid in the tender offer. In order to accomplish the short-form merger,
Linde exercised its "top-up" option to purchase additional shares of Lincare
common stock directly from the Company. Lincare's common stock will no longer be
listed on the Nasdaq Global Select Market.
This press release is neither an offer to purchase nor a solicitation of an
offer to sell shares of Lincare.
The Linde Group is a world-leading gases and engineering company with around
51,000 employees in more than 100 countries worldwide. In the 2011 financial
year, it generated revenue of EUR 13.787 bn. The strategy of The Linde Group is
geared towards long-term profitable growth and focuses on the expansion of its
international business with forward-looking products and services. Linde acts
responsibly towards its shareholders, business partners, employees, society and
the environment - in every one of its business areas, regions and locations
across the globe. The Group is committed to technologies and products that unite
the goals of customer value and sustainable development.
For more information, see The Linde Group online at http://www.linde.com and
Lincare at http://www.lincare.com
For further Information:
Linde Group Lincare
Media Investor Relations
Uwe Wolfinger Paul G. Gabos
Phone: +49.89.35757-1320 Phone: +1 (727) 530-7700
Matthias Dachwald
Phone: +49.89.35757-1333
Investor Relations
Dr. Dominik Heger
Phone: +49.89.35757-1334
Lisa Tilmann
Phone: +49.89.35757-1328
Disclaimer
This release contains forward-looking statements about Linde and Lincare and
their respective subsidiaries and businesses. These include, without limitation,
those concerning the strategy of an integrated group, future growth potential of
markets and products, profitability in specific areas, the future product
portfolio, development of and competition in economies and markets of the group.
These forward looking statements involve known and unknown risks, uncertainties
and other factors, many of which are outside of Linde's and Lincare's control,
are difficult to predict and may cause actual results to differ significantly
from any future results expressed or implied in the forward-looking statements
in this release.
While Linde and Lincare respectively believe that the assumptions made and the
expectations reflected in this release are reasonable, no assurance can be given
that such assumptions or expectations will prove to have been correct and no
guarantee of whatsoever nature is assumed in this respect. The uncertainties
include, inter alia, the risk of a change in general economic conditions and
government and regulatory actions. These known, unknown and uncertain factors
are not exhaustive, and other factors, whether known, unknown or unpredictable,
could cause the group's actual results or ratings to differ materially from
those assumed hereinafter. Linde and Lincare undertake no obligation to update
or revise the forward-looking statements in this release whether as a result of
new information, future events or otherwise.
Press Release as PDF:
http://hugin.info/125064/R/1633579/524252.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Linde AG via Thomson Reuters ONE
[HUG#1633579]
Unternehmensinformation / Kurzprofil:
Datum: 14.08.2012 - 07:31 Uhr
Sprache: Deutsch
News-ID 174160
Anzahl Zeichen: 5194
contact information:
Town:
Munich
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 212 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Linde completes acquisition of Lincare"
steht unter der journalistisch-redaktionellen Verantwortung von
Linde AG (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
