Printer Friendly

PRAXAIR CONSIDERS PURCHASE OF SPANISH AFFILIATE SHARES

 DANBURY, Conn., Feb. 19 /PRNewswire/ -- Praxair Iberica, a wholly- owned Spanish subsidiary of Praxair, Inc., has disclosed to the Comision Nacional del Mercado de Valores (the Spanish Stock Market Commission) that Praxair Iberica is considering making a tender offer to acquire all shares of Argon S.A. If Praxair goes forward with the tender offer, the price would be approximately 5,000 pesetas per share for the 2.1 million outstanding shares.
 Praxair, Inc. currently owns 50 percent of the stock of Argon S.A.
 Argon S.A., headquartered in Madrid, is one of the leading industrial gases producers in Spain, with annual sales of $144 million. Praxair, Inc., based in Danbury, Conn., is the largest industrial gases supplier in North and South America, and one of the largest worldwide, with annual sales of $2.6 billion.
 -0- 2/19/93
 /CONTACT: Susan Szita Gore for Praxair, 203-794-5593/
 (PX)


CO: Praxair Iberica; Argon S.A. ST: Connecticut IN: OIL SU: TNM

LR -- NY014 -- 8292 02/19/93 09:23 EST
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:Feb 19, 1993
Words:170
Previous Article:GERBER SCIENTIFIC REPORTS RESULTS
Next Article:GENERAL SIGNAL NAMES BUTLER PRESIDENT OF O-Z/GEDNEY
Topics:


Related Articles
UNION CARBIDE COMPLETES SPIN-OFF OF PRAXAIR
PRAXAIR UNIT IN MAJOR ARGENTINE ACQUISITION; PRAXAIR EXPANDS SOUTH AMERICAN PRESENCE; MERCOSUL PROPOSAL SPURS ARGENTINE MARKET ENTRY
PRAXAIR FILES SPANISH TENDER OFFER DOCUMENTS
PRAXAIR COMPLETES SUCCESSFUL TENDER OFFER FOR ARGON S.A. SHARES
PRAXAIR SUBSIDIARY COMPLETES PURCHASE OF ARGENTINE COMPANY
WHITE MARTINS ANNOUNCES ITS ENTRY INTO COLOMBIA
CBI TO REVIEW THE PRAXAIR PROPOSAL IN DUE COURSE
CBI REJECTS PRAXAIR OFFER; AUTHORIZES EXPLORATION OF ALTERNATIVES
PRAXAIR SELLS AGA GAS FOUR PLANTS IN U.S.; AGA GAS DOUBLES MERCHANT MARKET SHARE CAPACITY
AGA Completes Acquisition of Liquid Carbonic Facilities

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