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.

• Law360: FTC Clears $70B Linde-Praxair Deal With Asset Sale
• Reuters: Linde-Praxair deal clears final hurdle with US antitrust nod
• Business Insider: Linde Announces Satisfaction Of Final Conditions To Close Linde – Praxair Merger