The Linde Group and Lincare have common roots: Lincare was originally known as Linde Homecare Medical Systems and had grown out of the Americas business of Linde at the beginning of the 20th century. This transaction will benefit all of the stakeholders involved and we look forward to being part of the Linde Group. Byrnes, CEO of Lincare, said, the Lincare Board believes that being part of a world-class organization will afford the companyīenefits it would not be able to realize on its own. We are very pleased to make this announcement, John P. ![]() We are looking forward to welcoming the Lincare management and all employees to The Linde Group. subsidiary, LifeGas, already enjoys aĬlose business relationship with Lincare for several years. Provides us an ideal platform to roll out our innovative products which are already successful, particularly in Europe into the U.S., the largest region for healthcare revenues globally. Lincare, as one of the leading home healthcare providers in the US, Together with Lincare, we will become the global leading healthcare provider within the gases industry and further internationalize our business. ∺gainst the background of demographic changes, the healthcare industry is a megatrend in which we will be able to participate more Wolfgang Reitzle, CEO of Linde AG, explained. Sustainable and profitable business field, Prof. We are excited that this strategic acquisition enables us to take the next big step in this stable, The total consideration of the transaction will be USD 4.6 bn. Process), and also represents a premium of 49% over the three month volume weighted average price per Lincare share. The price of USD 41.50 represents a premium of 64% over Lincares share price of USD 25.26 on June 26, 2012 (the last day prior to press reports speculating as to Lincares auction Following the purchase of shares in the tender offer, Linde intends to complete theĪcquisition of Lincare through a merger, following which Lincare will become a wholly owned subsidiary of Linde.ĭirectors has unanimously approved the transaction. Under the terms of the agreement, Linde will make a tender offer for all outstanding shares of common stock of Lincare at USD 41.50 per share in cash. ![]() and The Linde Group announced today that Linde has entered into a definitive agreement for the acquisition of Lincare, a US-based homecare healthĬompany. ![]() The global megatrend healthcare provides stable business growthīusiness in North America further strengthenedĬlearwater, FL, J Lincare Holdings Inc. Lincare sales 2011: USD 1,848 bn EBITDA: USD 454 mįormation of global leading healthcare provider within the gases industry Lincares Board of Directors recommends that shareholders accept the offer Linde offers USD 41.50 in cash per Lincare share in a friendly transaction by way of a tender offer and merger
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