Lincoln Electric in Talks to Acquire Air Liquide Welding
These exclusive negotiations are subject to a definitive agreement between the parties and other conditions.
Posted: March 14, 2017
Lincoln Electric Holdings, Inc. (Cleveland, OH) has announced that they have signed a memorandum of understanding (MOU) and entered into exclusive negotiations to acquire Air Liquide Welding (Cergy, France), a subsidiary Air Liquide (Paris, France). The proposed acquisition is subject to a definitive agreement between the parties and customary conditions and provisions for a transaction of this type, including the “information-consultation” process with the employee representative bodies and the applicable competition authorities’ approval. Because these parties have not yet reached a definitive agreement regarding the transaction, there can be no assurance that a definitive agreement will be entered into, or that a transaction will be consummated.
J.P. Morgan Securities LLC is acting as the financial advisor and Jones Day is acting as legal advisor to Lincoln Electric.
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