The German Linde AG and the American Praxair resulting industrial gases manufacturer, has once again announced a share buyback program. Up to 6 billion dollars are to be spent. This would be the largest buyback program ever conducted in a major German company. The have decided to the Board of Directors.
to be Purchased up to 547 million shares, or 15 percent of the equity capital in circulation. The purchases are expected to 1. May start to February 2021 to be completed. The repurchased shares are to be redeemed or the share option program for employees.
in December, Linde had announced a share buy-back program. Up to 30. April 2019 to be purchased, therefore, own shares in a volume of one billion dollars (876 million euros).
LINDE PLC EO to 0.001 — — (–) NYSEXetraLondonTradegate exchange Frankfurt, Stuttgart, Switzerland OTCLang & black Switzerland Vienna 1T 1W 3M 1J 3J 5J For detail view
Linde pours so much of the proceeds from the sale of the enterprise, demanded by the antitrust authorities in the Wake of the merger. The price of the Linde share this drive on Tuesday to up to two percent.
The purpose of share repurchases is quite controversial. On the one hand, this is still considered a better use of funds, as the case may be overpriced, and questionable purchases worthy. In addition, shares buy-back programmes lighter socket as dividends. Here, a reduction shall always be considered as a negative sign.