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Fly News Breaks for August 16, 2016
LNEGY, PX
Aug 16, 2016 | 07:24 EDT
Following the Wall Street Journal's report last night, Jefferies analyst Laurence Alexander pegs a potential merger between Praxair (PX) and Linde (LNEGY) at 20%. The analyst estimates Praxair could pay a 26% control premium, 50% equity, and still achieve an 8% return on invested capital in the third year and improve free cash flow per share by $1.70. Alexander has a Buy rating on Praxair with a $140 price target.
News For PX;LNEGY From the Last 2 Days
