Lincare up 21% on $4.6B Acquisition by Linde

Lincare Holdings LNCR is trading hihger on the session following the announcement of an acquisition by Linde. Under the terms of the agreement, Linde will pay $41.50 per share totaling $4.6 billion. John P. Byrnes, CEO of Lincare, stated: "We are very pleased to make this announcement. The Lincare Board believes that being part of a world-class organization will afford the company benefits it would not be able to realize on its own. This transaction will benefit all of the stakeholders involved and we look forward to being part of the Linde Group." Lincare is currently trading at $41.31, a gain of $7.29 or 21.44%.