Linde AG and Praxair Inc. have agreed to terminate talks to create the world’s largest supplier of industrial gases, people with knowledge of the matter said. 

The companies plan to announce the termination as soon as Monday, the people said, asking not to be identified as the information is private. They failed to agree on the role of Munich, Linde’s headquarters, in a combination, according to the people.

A spokesman for Linde declined to comment, while a representative for Praxair couldn’t be immediately reached for comment outside U.S. business hours.

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