THE CHALLENGE:
In order to proceed with its planned $90 billion merger with Linde, Praxair had to complete strategic asset divestitures in 15 jurisdictions within one year to meet strict German financial market rules.
THE OUTCOME:
McDermott fielded a team of more than 100 lawyers across Europe and the United States, and led 9 other law firms in additional jurisdictions, to coordinate a competitive auction process involving 70 bidders around the world. The successful and on-time divestments secured all regulatory approvals, clearing the path for the merger that created the world’s largest supplier of industrial gases.
LEARN MORE:
Read more about the Praxair deal through the following media coverage.