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FTC issues modified final order for Praxair-Linde deal

( February 28, 2019, 20:06 GMT | Official Statement) -- MLex Summary: The US Federal Trade Commission has approved a modified final order requiring industrial gas suppliers Praxair and Linde to sell assets in nine industrial gases product markets in numerous US geographic markets to four divestiture buyers. The FTC modified an October 2018 order to specify the scope of the intellectual property that the newly merged Linde must divest. The second modification concerns the joint venture between Messer Group and CVC Capital Partners that is acquiring some of the divested assets. The order gives the FTC the right of prior approval if Messer’s stake in the joint venture falls below 50 percent or if Messer and CVC decide to sell their combined interest.Statement follows below:...

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