Praxair and Linde Said to Discuss All-Share Combination

Praxair Inc. of the U.S. and Germany’s Linde AG are discussing an all-share combination that would create the world’s largest supplier of industrial gases, according to people familiar with the matter.

Linde and Praxair see significant cost savings from any combination and the two sides have discussed potential asset sales to address antitrust concerns, said the people, who asked not to be identified because talks are private.

An agreement could be reached as early as the coming weeks, though talks could still fall apart, said the people.

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