Section 15 of Germany’s Securities Trading Act, as divined by the Federal Ministry of Justince, requires publicly listed companies in Germany to release any price sensitive announcement “without delay.”
i.e. In the case of chemicals and gases specialist Linde, that means ‘after five days’ Read more
Linde of Germany is understood to be leading the bidding for Lincare Holdings, a Clearwater, Florida based specialist in providing oxygen and other respiratory therapy services, according to FT Alphaville’s usually reliable sources.
The price? Perhaps $40 or more, according to these sources, valuing Lincare at around $3.4bn. Neither Linde nor Lincare were available for comment on Wednesday. Read more
Several large German blue-chip companies are urgently checking – and in some cases tightening – their compliance and anti-corruption systems in the wake of a €426m ($563m) bribery scandal that has engulfed Siemens, Europe’s largest engineering group.
Companies including MAN, Continental and Linde have discussed whether they need to take further action. Some have even been in contact with Siemens, although several companies drew a distinction between themselves and Siemens on the basis of the latter’s highly decentralised nature.