Markets :: Industrial Gases
Linde to Acquire U.S. Homecare Company Lincare for $4.6 Billion
12:57 PM MDT | July 2, 2012 | Deepti Ramesh
Linde says it has entered into a definitive agreement to acquire Lincare Holdings (Clearwater, FL), a homecare health company, for about $4.6 billion. Linde will make a tender offer for all outstanding shares of Lincare at $41.50/common share in cash. Lincare provides oxygen, respiratory and home infusion products, and services. The company had sales of $1.84 billion in 2011. The Lincare board of directors has unanimously approved the transaction, Linde says. The price of $41.50 represents a premium of 64% over Lincare's share price of $25.26 on June 26, 2012...
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