Newspaper article from our research archive:
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BOC falls to Linde of Germany for [pounds sterling]8.2bn.
- Article from:
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The Evening Standard (London, England)
- Article date:
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March 6, 2006
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Copyright informationCOPYRIGHT 2006 Solo Syndication Limited. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: NICK GOODWAY
INDUSTRIAL gases giant BOC today accepted an [pounds sterling]8.2 billion takeover bid from German rival Linde with the added sweetener of a promise that its [pounds sterling]450 million pension deficit will be wiped out within three years.
The deal comes five years after American antitrust regulators blocked a [pounds sterling]7.2 billion joint offer from France's Air Liquide and Air Products of the US and 18 months after Linde first looked at a BOC bid.
BOC becomes the latest in a string of British companies to be taken over by foreign bidders although this is the first major foreign takeover by a German company for four years.
The ...
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