Finance History|11 Wall Street — PX Stopped and a Combined Book Printed LIN
· 2018-10
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Finance History|11 Wall Street — PX Stopped and a Combined Book Printed LIN
kevin
People treat Linde as a Guildford industrial-gas house that always printed LIN after a finished New York book.
The 2018 issuer was Linde plc, an Irish public limited company formed to combine Praxair, Inc. and Linde AG.
A company release dated 31 October 2018 announced that the business combination had closed that day.
Praxair common stock, ticker PX, was suspended on the New York Stock Exchange as of the close on 30 October 2018.
Linde plc ordinary shares began trading on this exchange on 31 October 2018 under LIN.
The same letters had already opened on the Frankfurt Stock Exchange on 29 October 2018.
Praxair holders received one Linde plc share for each Praxair share.
Linde AG holders who accepted the exchange offer received 1.54 Linde plc shares for each Linde AG share tendered.
The letters LIN still open on the New York Stock Exchange.
The mechanism is a merger of equals that retired a Danbury ticker and opened a new Irish holding-company book on the same tape.
The pin is the public Broad Street facade of the 1903 New York Stock Exchange building, the present street marker for the tape that prints LIN.
Interior trading is not visitable from the sidewalk.
Photo: Arild Vagen, August 2017, CC BY-SA 4.0, via Wikimedia Commons. New York Stock Exchange from Broad Street.
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