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Praxair (PX) Stock Down, Linde Deal Could Face Antitrust Hurdles

NEW YORK (TheStreet) -- Shares of Praxair (PX) were lower in early afternoon trading on Wednesday as its proposed merger with German industrial gas supplier Linde (LNEGY) could face antitrust hurdles, Bloomberg reports.

Linde confirmed yesterday that it was in preliminary merger talks with Praxair, a deal that would create the world's largest industrial gas supplier with a combined revenue of approximately $30 billion.

The deal would likely result in an antitrust investigation as a means of protecting competition in domestic and global markets, according to Bloomberg.

Praxair and Linde have discussed potential divestitures as part of the deal. The biggest competition...