Linde Capital Hike To Fund Lincare Holdings Acquisition
10 Juillet 2012 - 11:46AM
Dow Jones News
By Harriet Torry
FRANKFURT--Industrial gases company Linde AG (LIN.XE) Tuesday
set the placement price for its capital increase with the exclusion
of shareholders' subscription rights at 109 euros ($134.2), and
said it expects proceeds of EUR1.4 billion which it will use to
fund its $4.6 billion acquisition of Lincare Holdings Inc.
(LNCR).
Linde will issue some 12.8 million new shares, and holders will
be entitled to the dividend for the 2012 financial year.
Linde announced plans for the capital hike late Monday.
At 0908 GMT, Linde shares traded down 1.7% at EUR113.20 while
Germany's DAX traded 1.1% higher.
Write to Harriet Torry at harriet.torry@dowjones.com
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