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Air Liquide closes purchase of Airgas

AIR LIQUIDE SA on May 23 completed its deal to acquire Airgas Inc. for a transaction value of $13.40 billion.

The company offered $143 per share for the stake.

In addition to general closing conditions, the deal required additional review for antitrust concerns.

Barclays Bank PLC, BNP Paribas SA and SG Corporate & Investment Banking were the financial advisers for Air Liquide, and Bredin Prat & Associes, Cleary Gottlieb Steen & Hamilton LLP (France) and Latham & Watkins LLP (Paris) were the legal advisers.

Goldman Sachs & Co. LLC and Merrill Lynch Pierce Fenner & Smith Inc. were the financial advisers for Airgas, while Wachtell Lipton Rosen & Katz LLP was the legal adviser.