$13.4 billion deal will create world’s largest industrial gas company
Airgas, Radnor, Pennsylvania, will become a wholly owned subsidiary of Air Liquide, based in Paris, France, under an agreement reached between the two companies. Air Liquide is a world leader in gases, technologies, and services for industry and health; Airgas is a leading supplier of industrial gases and associated products and services in the United States.
Airgas shareholders will receive $143 per share in cash for all outstanding shares of Airgas, representing a total enterprise value of $13.4 billion on a fully diluted basis and including the assumption of Airgas debt.