Printer Friendly

PRAXAIR FILES SPANISH TENDER OFFER DOCUMENTS

 DANBURY, Conn., May 3 /PRNewswire/ -- Praxair, Inc. (NYSE: PX) announced today that its wholly owned subsidiary, Praxair Iberica, S.A., has filed with the Comision Nacional del Mercado de Valores (CNMV) in Madrid an application to make a tender offer to acquire shares of Argon, S.A. The CNMV will review the application for up to 15 days before authorizing the commencement of the tender offer. Currently, Praxair, Inc. owns 50 percent of Argon, S.A.'s outstanding shares.
 In its application, Praxair Iberica has proposed to purchase all the Argon, S.A. shares not owned by Praxair, Inc. for a price of 5,000 pesetas per share. The offer is not conditioned on a minimum number of shares being tendered to Praxair Iberica. All shares tendered would be purchased. Praxair anticipates that the offer will be approved by the directors of Argon, S.A.
 Praxair, Inc. is the largest industrial gas supplier in North and South America, and one of the largest worldwide, with 1992 sales of U.S. $2.6 billion. Praxair also is a leading worldwide supplier of ceramic and metal coatings and powders. Praxair was formerly Union Carbide Industrial Gases Inc.
 -0- 5/3/93
 /CONTACT: Susan Szita Gore of Praxair, 203-794-5593/
 (PX)


CO: Praxair, Inc. ST: Connecticut IN: SU: OFR

TS -- NY086 -- 3928 05/03/93 15:44 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:May 3, 1993
Words:224
Previous Article:TREADCO, INC. ANNOUNCES SECOND QUARTER 1993 CASH DIVIDEND
Next Article:SULCUS COMPUTER CORP. REPORTS RECORD FIRST QUARTER OPERATING RESULTS; ANTICIPATES CONTINUING GROWTH THROUGHOUT THE YEAR
Topics:


Related Articles
SECURITIES AND EXCHANGE COMMISSION DECLARES 'EFFECTIVE' PRAXAIR'S FORM 10 INFORMATION STATEMENT
PRAXAIR CONSIDERS PURCHASE OF SPANISH AFFILIATE SHARES
PRAXAIR ISSUES 6-3/4 PERCENT COUPON 10-YEAR NOTES
PRAXAIR COMPLETES SUCCESSFUL TENDER OFFER FOR ARGON S.A. SHARES
CBI INDUSTRIES, INC. TO RESPOND TO PRAXAIR NO LATER THAN NOVEMBER 16
CBI REJECTS PRAXAIR OFFER; AUTHORIZES EXPLORATION OF ALTERNATIVES
Praxair Selects NovaSoft As Its Document Management Solution
Telefonica Internacional, With Partner Iberdrola, Launches Public Tender Offers for 100% of Mobile Operators in Brazil.
DRI Acquisition LLC Commences Tender Offer for Delco Remy International, Inc.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters