|Bid||166.230 x 1000|
|Ask||166.270 x 800|
|Day's range||163.950 - 166.610|
|52-week range||136.300 - 168.540|
|PE ratio (TTM)||34.60|
|Earnings date||24 Oct 2018 - 29 Oct 2018|
|Forward dividend & yield||3.30 (2.10%)|
|1y target est||175.40|
Stocks that moved substantially or traded heavily on Wednesday: AutoNation Inc., up 82 cents to $43.91 CEO Mike Jackson is departing after almost two decades leading the nation's largest auto dealership ...
Caterpillar and Walgreens lead the Dow in a mixed start Wednesday, Netflix received a price target hike and Tilray tripped (yet another) cannabis rally.
On September 10, Air Products and Chemicals (APD) announced that Samsung Electronics awarded the company with a contract to supply additional gaseous nitrogen and hydrogen to its plant in Giheung, South Korea. Air Products and Chemicals has been supplying gases to Samsung Electronic’s Giheung site since 1998. The additional order will help Air Products and Chemicals increase its strength in the region. However, Air Products and Chemicals didn’t disclose any of the deal’s financial aspects.
Praxair, Inc. (PX) was again recognized by the Dow Jones Sustainability Index (DJSI) as a world leader in sustainable industrial practices. The company was named to DJSI’s World and North American Indices and is the only U.S.-based firm in the chemical sector to be selected for those indices for 16 consecutive years. Additionally, Praxair’s overall ranking at the 99th percentile among all chemical companies is – the company’s best ever result.
On September 12, Dow Chemical, part of DowDuPont (DWDP), announced debottlenecking and capacity expansion plans in its silicones business. The company intends to meet the growing demand in end markets like electrical, consumer goods, performance building, and home and personal care. However, Dow Chemical didn’t specify the financial aspects of the investment.
On September 11, Air Products and Chemicals (APD) announced that it plans to increase its hydrogen capacity to meet the growing demand. The company announced its plans to build a new liquid hydrogen plant in La Porte, Texas, which is expected to be online by 2021. Air Products and Chemicals (APD) noted that the new plant could produce ~30.0 tons of hydrogen per day.
The new Dow will include three verticals: consumer care, infrastructure, and packaging. DWDP expects form ten to be effective in Q1 2019, which is close to the separation date. Jim Fitterling, CEO of the new Dow, said, “The Form 10 is a significant step towards the creation of the new Dow – the world’s leading materials science company.
In accordance with the exchange offer document published on August 15, 2017, Linde plc announced today that the proposed business combination between Praxair, Inc. (PX) and Linde AG (LIN.DE) received antitrust clearance in India subject to certain conditions, satisfying a closing condition (Regulatory Condition – India). Linde plc is a public limited company formed on April 18, 2017, that will become the parent company of Praxair, Inc. and Linde AG upon the completion of the business combination.
The FTSE4Good Index measures the performance of companies that demonstrate strong environmental, social, and governance (or ESG) practices. On August 25, DowDuPont (DWDP) announced that it had been named as a part of the FTSE4Good Index Series. This index acts as a benchmark for sustainable investment and helps investors to identify companies that are environmentally and socially sustainable.
Strong backlog, new order wins and focus on capital allocation to drive Praxair's (PX) performance in the near term despite certain challenges.
In accordance with the exchange offer document published on August 15, 2017, Linde plc announced today that the proposed business combination between Praxair, Inc. (PX) and Linde AG (LIN.DE) received antitrust clearance in Brazil after the purchaser of the divestment business in Brazil was approved by the competition authority, satisfying a closing condition (Regulatory Condition – Brazil). Linde plc is a public limited company formed on April 18, 2017, that will become the parent company of Praxair, Inc. and Linde AG upon the completion of the business combination.
Praxair (PX) and Linde merger receives EU antitrust regulators' approval, taking a step forward for creation of a leading industrial gas company.
Praxair (PX) to gain from growing energy and industrial end markets, strong backlog and new order wins despite concerns in Brazilian economy and a strong U.S. dollar.
EU regulators conditionally approved a merger between the gas producers, but U.S. antitrust concerns remain. If it goes ahead, the tie-up would create a gas giant with a market capitalization of nearly $80 billion, more than $30 billion in annual revenue and over 80,000 employees. Under the terms of the deal, Linde shareholders will receive 1.54 shares in the new company for each existing share and Praxair shareholders will receive one share for each of their shares.
On August 12, Air Products and Chemicals announced that it signed an agreement to form a joint venture with Saudi Aramco and ACWA Power. The joint venture is valued at over $8 billion. The joint venture is for gasification at Jazan Economic City in Saudi Arabia.
The deal, announced in June last year, would put the merged entity ahead of French competitor Air Liquide in gas distribution. The companies' industrial gases such as oxygen and helium are used in hospitals, MRI scanners and steel production. The European Commission said the companies' pledge to sell assets to reinforce a Japanese rival in Europe and other concessions addressed its concerns that the deal may lead to price hikes and hurt competition, confirming a Reuters story on July 12.
The European Commission said the deal in its original form would have significantly reduced competition in the European Economic Area, as gas production is already concentrated among a few large producers. Fresh demands from the FTC could push the value of disposals beyond a pre-agreed limit, meaning either company could back out without incurring any penalty.
U.S. industrial gas maker Praxair rose after a Reuters report that its German counterpart Linde will sell assets to secure U.S. antitrust approval for the pair's merger. Julia Sun reports.
Aug.22 -- Linde AG's $45 billion merger with Praxair Inc. is in jeopardy after feedback from the U.S. Federal Trade Commission that would require the pair to breach a self-imposed threshold for disposals. Bloomberg's Benedikt Kammel reports on "Bloomberg Markets: European Close."
Aug.20 -- Linde AG and Praxair Inc. won conditional approval from the European Union for their $45 billion merger, as they work to convince U.S. antitrust authorities on the deal. Bloomberg's Oliver Sachgau reports on "Bloomberg Markets."