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Report: Praxair combining with German firm

December 20, 2016 GMT

Praxair Inc. and Linde AG of Germany have agreed to combine forces, creating the largest company in the industrial gas industry, the Wall Street Journal reports.

The combined company would have a market value of $66.6 billion, the newspaper said.

Praxair, based in Danbury, Conn., committed Tuesday to preserving jobs in Germany to win the backing of Linde’s directors.