Lincoln Electric Holdings, Inc. has signed a memorandum of understanding (“MOU”) and entered into exclusive negotiations to acquire Air Liquide’s subsidiary, Air Liquide Welding, the company announced Monday.
The proposed acquisition is subject to a definitive agreement between the parties and customary conditions and provisions for a transaction of this type, including the “information-consultation” process with the employee representative bodies and the applicable competition authorities’ approval, Lincoln Electric says. As the parties have not yet reached a definitive agreement regarding the transaction, there can be no assurance that a definitive agreement will be entered into, or that a transaction will be consummated, the company adds.
J.P. Morgan Securities LLC is acting as the financial advisor and Jones Day is acting as legal advisor to Lincoln Electric.
