German industrial gas company announces merger plan

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German industrial gas company Linde Group announced on July 1 that it had signed a merger agreement with the American home care company Lincare Holdings. The total transaction volume for the planned acquisition is approximately US$4.6 billion and is expected to be completed in the third quarter of 2012.

The Linde Group stated that it will complete the acquisition through available cash and a $4.5 billion purchase loan, which will be refinanced through debt and new share issues. Acquisitions require the approval of the relevant national regulatory authorities.

Lincare provides oxygen and respiratory therapy services to home patients. The transaction shows that the Linde Group intends to enter the home health care market.

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