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Tuesday, December 20, 2016

Connecticut and USA Lose Another Company

There's an announcement today that Praxair (of Connecticut) and Linde (of Germany) are going to merge with the resulting company to be located in what they call a "neutral" EU country.  This is not a minor deal.  The resulting company will be worth roughly 65 billion dollars with the shareholders of each existing company getting about half of the final ownership.

The point of all this is that yet another big company is moving out of Connecticut and out of the USA.  I wonder if the President Elect will decide to mix in to try to stop the move.

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