Summary
This 8-K filing by Linde plc, dated September 13, 2019, primarily serves to furnish investors with unaudited pro forma income statement information for the year 2018. This information is presented to illustrate the estimated effects of the significant business combination between Praxair, Inc. and Linde AG, which officially closed on October 31, 2018. The pro forma data combines the historical results of both entities as if the merger had occurred on January 1, 2018, and includes adjustments for merger-related divestitures necessitated by regulatory approvals. The purpose of this filing is to provide the financial community with a more consistent basis for understanding Linde plc's performance, mirroring how management utilizes such data for budgeting, strategic decisions, and performance evaluation. Investors are encouraged to review this pro forma information in conjunction with the historical financial statements of both legacy companies and the audited consolidated financial statements of Linde AG previously filed.
Key Highlights
- 1Linde plc is furnishing 2018 unaudited pro forma income statement information to illustrate the effects of the business combination.
- 2The business combination involved Praxair, Inc. and Linde AG, becoming subsidiaries of Linde plc, and closed on October 31, 2018.
- 3Pro forma data combines historical results of Praxair and Linde AG as if the merger occurred on January 1, 2018.
- 4Adjustments are included for merger-related divestitures required for regulatory approval.
- 5The information is provided for consistent financial reporting and management's decision-making tools.
- 6This filing is furnished under Regulation FD and is not deemed 'filed' for Section 18 purposes.
- 7Investors should read this pro forma data alongside historical financial statements of Praxair and Linde AG.