Linde In Talks With Boc

Linde has confirmed that it is in talks to take over the BOC Group, emphasising that it has made a friendly approach. The initial approach was based on a cash offer of 1,500p/share subject to some "standard pre-conditions", and a further announcement is expected in due course. Linde is keen to take over BOC due to what it calls "The strong industrial logic of a combination." The two groups offer complementary products and have the potential to create a leading industrial gases business. The firms have enjoyed a good relationship during the past and Linde has stated that it will continue to look for the support of BOC's board and management. (whole item)