Linde, Praxair agree on outline for 50-50 merger

By Ludwig Burger FRANKFURT (Reuters) - Linde AG , the German company that revived merger talks this month with U.S. rival Praxair Inc , has come to an agreement with its counterpart on key aspects of an all-share deal to create a $65 billion industrial gases group. Under the proposed merger, existing Linde and Praxair shareholders would each own about 50 percent of the combined company and its chief executive would be based in the United States. The agreement comes after Praxair provided new ass