Soroban Capital: Performance, Strategy, AUM and Partners

3. Praxair, Inc. (NYSE:PX)

Soroban Capital Partners also added 2.75 million shares to its stake in Praxair, Inc. (NYSE:PX) during the second quarter, taking it to 8.49 million shares worth $1.13 billion. Praxair, Inc. (NYSE:PX) is another company currently in the process of a merger. At the end of 2016, Praxair, Inc. (NYSE:PX) and German-based industrial gases group Linde agreed on a merger of equals. The deal worth $70 billion will create the world’s largest industrial gases group, but it has faced some antitrust hurdles. Both companies have said that they would consider selling some assets and some potential buyers have expressed interest. At the end of June, there were 39 investors in our database holding $4.08 billion worth of stock, which represented nearly 11% of the company’s stock.