Report
David Silver
EUR 100.00 For Business Accounts Only

Praxair is the most profitable supplier in the stable and profitable industrial gas industry.

We plan to raise our fair value estimates for Linde and Praxair by roughly 5% each following the June 1 signing of a formal business combination agreement for the proposed merger plus further details that emerged from the June 2 conference call featuring the senior management teams of both companies. The discussions increased our confidence in the value to be created by the deal.
We plan to raise our Praxair fair value estimate to roughly $130 per share from $123, while our Linde fair value esti...
Underlying
Praxair Inc.

Praxair is an industrial gas company in North and South America. The company's operations consist of two main product lines: industrial gases and surface technologies. The industrial gases product line centers on the manufacturing and distribution of atmospheric gases (oxygen, nitrogen, argon, rare gases) and process gases (carbon dioxide, helium, hydrogen, electronic gases, specialty gases, acetylene). The company's surface technologies segment supplies wear-resistant and high-temperature corrosion-resistant metallic and ceramic coatings and powders. The company's subsidiary, Praxair Surface Technologies, supplies wear-resistant and high-temperature corrosion-resistant metallic and ceramic coatings and powders.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
David Silver

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