PRAXAIR, INC. (NYSE:PX) Files An 8-K Submission of Matters to a Vote of Security Holders

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PRAXAIR, INC. (NYSE:PX) Files An 8-K Submission of Matters to a Vote of Security Holders
Item 5.07. Submission of Matters to a Vote of Security Holders.

On September27, 2017, Praxair, Inc. (“Praxair”) held a special meeting of stockholders (the “Special Meeting”) at which holders of Praxair’s common stock, par value $0.01 per share, approved each of the proposals relating to the proposed business combination of Praxair with Linde Aktiengesellschaft, a stock corporation (Aktiengesellschaft) organized under the laws of the Federal Republic of Germany (“Linde”). The business combination is contemplated by the Business Combination Agreement, dated as of June1, 2017, as amended (the “Business Combination Agreement”), by and among Praxair, Linde, Linde plc (formerly known as Zamalight plc), a public limited company incorporated under the laws of Ireland, Zamalight Holdco LLC, a Delaware limited liability company, and Zamalight Subco, Inc., a Delaware corporation. The total number of shares that were present or represented by proxy at the Special Meeting was 239,924,604, which was 83.87% of the shares outstanding and entitled to vote and which constituted a quorum. The final voting results of the items submitted to a vote of the shareholders are set forth below.

Proposal 1

The proposal to adopt the Business Combination Agreement, as it may be amended, and to approve the transactions contemplated thereby:

Votes For

VotesAgainst

Abstentions

BrokerNon-Votes

237,607,670

(83.06%ofoutstanding

common stock)

(99.03% of votes cast)

1,419,491

(.591%ofvotescast)

897,443

Proposal 2

The non-binding advisory proposal to approve the reduction of the share premium account of Linde plc to allow for the creation of distributable reserves of Linde plc:

Votes For

Votes Against

Abstentions

Broker Non-Votes

237,998,856 1,235,984 689,764
(99.20% of votes cast) (.515% of votes cast)

Proposal 3

The non-binding, advisory proposal to approve the compensation that may become payable to Praxair’s named executive officers in connection with the business combination:

Votes For

Votes Against

Abstentions

Broker Non-Votes

230,704,332

(96.16% of votes cast)

7,444,413

(3.10% of votes cast)

1,775,859

Proposal 4

The proposal to adjourn or postpone the Praxair special meeting, if it were made by the Chairman of the Board, in order to (1)solicit additional proxies in the event, based on the tabulated votes, there are not sufficient votes at the time of the special meeting of shareholders to approve the above-mentioned proposals and/or (2)hold the special meeting on a date that is no later than the day prior to the expiration of the acceptance period as defined in the proxy statement, in the event that such date of expiration is extended:

Shares Voted For

Shares Voted Against

Abstentions

Broker Non-Votes

215,567,924 23,361,016 995,664
(89.85% of votes cast) (9.73% of votes cast)

On September27, 2017, Praxair issued a press release announcing the voting results of the Special Meeting. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

ITEM9.01. Financial Statements and Exhibits.

(d)Exhibits.

ExhibitNo.

Description

99.1 Press release issued by Praxair, Inc., dated September27, 2017, announcing Special Meeting results.

Additional Information and Where to Find It

In connection with the proposed business combination between Praxair and Linde, Linde plc has filed a Registration Statement on Form S-4 (which Registration Statement was declared effective on August14, 2017) with the U.S. Securities and Exchange Commission (“SEC”) that includes (1)a proxy statement of Praxair that also constitutes a prospectus for Linde plc and (2)an offering prospectus of Linde plc to be used in connection with Linde plc’s offer to acquire Linde shares held by U.S. holders. Praxair has mailed the proxy statement/prospectus to its stockholders in connection with the vote to approve the merger of Praxair and an indirect wholly-owned subsidiary of Linde plc, and Linde plc has distributed the offering prospectus to Linde shareholders in the United States in connection with Linde plc’s offer to acquire all of the outstanding shares of Linde. Linde plc has also filed an offer document with the German Federal Financial Supervisory Authority (Bundesanstalt fuer Finanzdienstleistungsaufsicht) (“BaFin”) which was approved for publication by BaFin on August14, 2017 and published by Linde plc on August15, 2017. Praxair’s stockholders approved the merger at Praxair’s special meeting held on September27, 2017. The consummation of the proposed business combination remains subject to regulatory approvals and other customary closing conditions.

INVESTORS AND SECURITY HOLDERS OF LINDE ARE URGED TO READ THE OFFER DOCUMENT REGARDING THE PROPOSED BUSINESS COMBINATION TRANSACTION AND OFFER BECAUSE IT CONTAINS IMPORTANT INFORMATION. You may obtain a free copy of documents filed by Praxair, Linde and Linde plc with the SEC on the SEC’s Web site at www.sec.gov. The offer document is available for free at Linde plc’s Web site at www.lindepraxairmerger.com. Furthermore, the offer document is available at BaFin’s Web site for free at www.bafin.de. You may also obtain a copy of the offer document from Deutsche Bank Aktiengesellschaft, Taunusanlage 12, 60325 Frankfurt am Main, Germany for distribution free of charge (also available from Deutsche Bank Aktiengesellschaft via e-mail to [email protected] or by telefax to +49 69 910 38794).

This document is neither an offer to purchase nor a solicitation of an offer to sell shares of Linde plc, Praxair or Linde. The final terms and further provisions regarding the public offer are disclosed in the offer document and in

documents filed with the SEC. No money, securities or other consideration is being solicited, and, if sent in response to the information contained herein, will not be accepted. The information contained herein should not be considered as a recommendation that any person should subscribe for or purchase any securities.

No offering of securities shall be made except by means of a prospectus meeting the requirements of the U.S. Securities Act of 1933, as amended, and applicable European and German regulations. The distribution of this document may be restricted by law in certain jurisdictions and persons into whose possession any document or other information referred to herein come should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction. Subject to the exceptions described in the offer document and to any exceptions potentially granted by the respective regulatory authorities, no offering of securities will be made directly or indirectly in any jurisdiction where to do so would be a violation of the respective national laws.

Exhibit Index


PRAXAIR INC Exhibit
EX-99.1 2 d463444dex991.htm EX-99.1 EX-99.1 Exhibit 99.1   Praxair Shareholders Vote in Favor of Merger with Linde AG DANBURY,…
To view the full exhibit click here

About PRAXAIR, INC. (NYSE:PX)

Praxair, Inc. is an industrial gas supplier in North and South America, Asia and Europe. The Company’s operations are organized into five segments, four of which have been determined on a geographic basis of segmentation: North America, Europe, South America and Asia. In addition, the Company operates its surface technologies business through its subsidiary, Praxair Surface Technologies, Inc., which represents the fifth segment. The Company’s products in its industrial gases business include atmospheric gases (oxygen, nitrogen, argon, rare gases) and process gases (carbon dioxide, helium, hydrogen, electronic gases, specialty gases, acetylene). The Company also designs, engineers and builds equipment that produces industrial gases primarily for internal use. The Company’s Surface Technologies segment, operated through Praxair Surface Technologies, Inc., supplies wear-resistant and high-temperature corrosion-resistant metallic and ceramic coatings and powders.