The two companies are now evaluating how the regulators' expectations could be fulfilled in a mutually acceptable manner to achieve a timely clearance, it said, adding they remained in a constructive dialogue with the regulators and with each other. The companies agreed at the time that if regulators demanded the disposal of businesses with more than 3.7 billion euros ($4.3 billion) in sales or 1.1 billion euros in earnings before interest, taxes, depreciation and amortization (EBITDA), either party could withdraw without penalty.Д«ased on its discussions with the FTC and other antitrust regulators, it said there was now a higher probability that the two companies would need to sell assets exceeding the agreed threshold. The planned combination in an all-shares merger, agreed in principle in December 2016, would create a global leader in gas distribution ahead of France's Air Liquide. 'Linde and Praxair are analysing these expectations to assess their scope and to evaluate how they could be implemented to achieve a timely clearance of the business combination,' it said. Federal Trade Commission is asking for more assets to be sold than previously anticipated and the watchdog also wants prospective buyers to meet certain other requirements, the German industrial gases group said in a statement published just after midnight on Sunday. Shares in Linde plunged more than 8 percent on Monday after the industrial gases group's planned $87 billion merger with Praxair was put in doubt by demands from U.S. Now, both companies will work toward a business combination agreement which is subject to due diligence, additional negotiation and board approvals.Linde Group logo is seen at a company building in Munich-Pullach, Germany August 16, 2016. Officials said the new company will вЂњseek inclusion in the S&P 500 and DAX indices.вЂќ

The new company will be listed on the New York Stock Exchange and Frankfurt Stock Exchange.

вЂњWe consider this to be a true strategic merger, as it brings together the capabilities, talented people and best-in-class processes of both companies, creating a unique and compelling opportunity for all of our stakeholders,вЂќ said Steve Angel, chairman and CEO of Praxair Inc., in the release.ДЄngel will become CEO and member of the board of directors for the new company while Wolfgang Reitzle, supervisory board chairman for Linde, will become the chairman of the new board of directors. The new company will have 50% ownership from Linde and 50% from Praxair.

shareholders will receive one share in the new company for every one Praxair share. Under the proposed terms of the merger, Linde shareholders will receive 1.54 shares in the new holding company for each Linde share exchanged while Praxair Inc. Toray produces carbon fiber for Boeing and broke ground on a $1.4 billion plant in Moore in January 2016. is building a facility in Greer following agreeing to a long-term contract to provide nitrogen to Toray Carbon Fibers America Inc., a subsidiary of Toray Industries Inc. has signed a non-binding term sheet with Linde AG to create a company with a current market value of over $65 billion. An industrial gas producer is merging with a global gas and engineering company based in Germany.ДЄccording to a news release, Connecticut-based Praxair Inc.

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