Air Liquide to Buy Airgas for $13.4 Billion in Cash
- Francois De Beaupuy
- Nov 17, 2015
- 1 min read
France’s Air Liquide SA agreed to buy U.S. rival Airgas Inc. for an enterprise value of $13.4 billion to form the world’s biggest supplier of industrial gases.
Air Liquide will pay $143 per share for Airgas in an all-cash deal, the Paris-based company said in a statement Tuesday.
“This acquisition increases our geographic reach in the resilient U.S. market,” Air Liquide Chief Executive Officer Benoit Potier said in the statement.
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