Welding product manufacturer Lincoln Electric Holdings, Inc. has entered into exclusive negotiations to acquire Air Liquide’s welding business.
In the proposition, the US-based company has signed a memorandum of understanding (MoU) with the Tier One player to acquire Air Liquide Welding.
The proposed acquisition is subject to a definitive agreement between the parties and customary conditions and provisions.
A media release cautioned that there can be no assurance that a definitive agreement will be entered into, or that a transaction will be consummated, as the parties have not yet reached a conclusive arrangement.
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