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Air Liquide to Acquire Airgas (ARG) for $143/Share

November 17, 2015 2:05 PM EST

(Updated - November 17, 2015 2:07 PM EST)

Air Liquide and Airgas (NYSE: ARG) announced an agreement under which Air Liquide will acquire Airgas. Airgas shareholders will receive $143 per share in cash for all outstanding shares of Airgas, representing a total enterprise value of $13.4 billion (12.5 billion at current exchange rates1) on a fully diluted basis and including the assumption of Airgas debt.

The transaction represents a premium of +50.6% to Airgas one month average share price, prior to the announcement of the transaction, and of +20.3% over Airgas 52-week high share price1.
In the transaction, Airgas will... More