BOC fighting for independence

Robert Margetts, chairman of BOC Group, the industrial gases group, sets out today to persuade investors that it is in the best interest of the industrial gases company to stay independent.

Yesterday he turned down a £7.6 billion offer from Germany’s Linde arguing that it failed to fully value BOC’s growth prospects.Arguing against the bid on the ground that it fails to fully value the growth prospects of the British company, Mr Margetts now has to convince investors that it is in the best interests of the company to remain independent.

Observers say Mr Margetts has a hard task ahead because a  tie-up between BOC and Linde has long been seen as the last big deal left in the highly consolidated industrial gases industry. The logic of combining Linde’s European business with BOC’s industry-leading position in Asia – and, particularly, China – is clear

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One Response to “BOC fighting for independence”

  1. Bamba Says:

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    Dr.Bamba Demiond.

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