Air Liquide $13.4 billion acquistion of Airgas

Overview:

• French industrial gases company Air Liquide has completed the acquisition of Pennsylvania based rival Airgas. 
• The $143 a share cash offer values the target company at $13.4 billion. 
• The combined company will have in excess of $20 billion in annual sales. 
• Barclays Bank and BNP Paribas acted as financial advisers to Air Liquide, and were underwriters for a $12 billion bridge financing to finance the acquisition. 
• Goldman Sachs and Bank of America Merrill Lynch acted as financial advisers to Airgas. 

John Crabb - Journalist