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CLEARWATER — The Linde Group has completed its previously announced acquisition of Clearwater-based Lincare Holdings for $41.50 per share.
In a release, the company says it purchased about 83.87% of Lincare's common stock during its tender offer and an additional 10.73% through a short-term merger. The shares in the merger offer will also receive $41.50 per share. The company previously estimated the total acquisition price at $4.6 billion.
Munich-based the Linde Group is a gas and engineering company, and Lincare is one of the leading suppliers of medical gases to patients and hospitals. Lincare is also the 13th-largest company from Tampa to Naples, and posted $1.85 billion in 2011 revenues.
By acquiring Lincare, Linde will says it will double sales in its North American Gases Division.
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