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Air Liquide Announces Agreement to Acquire Airgas

PARIS & RADNOR, Pa.--(BUSINESS WIRE)--Air Liquide (Euronext Paris:AI), world leader in gases, technologies and services for Industry and Health, and Airgas (NYSE:ARG), one of the leading suppliers of industrial gases and associated products and services in the U.S., today announced an agreement under which Air Liquide will acquire Airgas. Airgas shareholders will receive $143 per share in cash for all outstanding shares of Airgas, representing a total enterprise value of $13.4 billion (€12.5 billion at current exchange rates1) on a fully diluted basis and including the assumption of Airgas debt.