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The BOC Group logo
The BOC Group logo

The BOC Group plc was the official name of the multinational industrial gas company more commonly known as BOC, and now a part of The Linde Group. Industrial gas is a group of gases that are commercially manufactured and sold for uses in other applications The Linde Group is the international Industrial gases and Engineering company founded in 1879 In September 2004, BOC had over 30,000 employees on six continents, with sales of over £4. A continent is one of several large Landmasses on Earth. They are generally identified by Convention rather than any strict criteria with seven regions 6 billion [1]. BOC was also the company's stock symbol on the London Stock Exchange. A stock symbol or ticker symbol is a Mnemonic used to uniquely identify publicly-traded shares of a Corporation on a particular Stock market The London Stock Exchange or LSE is a Stock exchange located in London, England. BOC was a constituent of the FTSE 100 Index and the FT 30. The FTSE 100 Index (ˈfʊtsiː footsie, abbreviated Financial Times Stock Exchange Index) is a Share index of the 100 most highly capitalised On 5 September 2006 The BOC Group became part of The Linde Group of Germany and is no longer traded as a separate company. Germany, officially the Federal Republic of Germany ( ˈbʊndəsʁepuˌbliːk ˈdɔʏtʃlant is a Country in Central Europe.

Contents

Business Activities

The BOC Group business activities included:

In March 2005, BOC announced that it has completed the sale of Afrox Healthcare - a hospital and managed health care group operating in South Africa - to a consortium led by Black Economic Empowerment investors. In computing GiST or Generalized Search Tree is a Data structure and API that can be used to build a variety of disk-based search trees. A hospital is an institution for Health care providing treatment by specialised staff and equipment and often but not always providing for The Republic of South Africa (also known by other official names) is a country located at the southern tip of the continent of Africa Black Economic Empowerment ( BEE) is a program launched by the South African government to redress the inequalities of Apartheid by giving previously disadvantaged

History

Brin's Oxygen Company, Ltd. was formed in 1886 by Arthur and Leon Brin. Year 1886 ( MDCCCLXXXVI) was a Common year starting on Friday (link will display the full calendar of the Gregorian calendar (or a Common In the early days they manufactured oxygen using a high temperature barium oxide process developed from work by French scientist Jean Baptiste Boussingault. Oxygen (from the Greek roots ὀξύς (oxys (acid literally "sharp" from the taste of acids and -γενής (-genēs (producer literally begetteris the Barium oxide, BaO is a white Hygroscopic compound formed by the burning of Barium in Oxygen, although it is often formed through the decomposition The main application for gaseous oxygen at this time was in connection with the limelight light sources used in magic lanterns and theatre lighting. Limelight is a type of Stage lighting once used in Theatres and Music halls An intense illumination is created when an oxyhydrogen flame is directed The magic lantern or Lanterna Magica was the ancestor of the modern Slide projector. A major new market emerged around 1903 with the development of the oxyacetylene welding process. Year 1903 ( MCMIII) was a Common year starting on Thursday (link will display calendar of the Gregorian calendar or a Common year starting Concerning a. " for the verdict on this matter --> Oxy-fuel welding (commonly called oxyacetylene welding, oxy welding Around the same time, new cryogenic air separation processes based on work by Carl von Linde and others replaced the barium oxide process, paving the way for larger scale and more efficient production. Professor Doctor Carl Paul Gottfried von Linde ( 11 June, 1842 - 16 November 1934) was a German engineer who developed Refrigeration The company became the British Oxygen Company in 1906 and grew nationally and internationally through the following decades. Year 1906 ( MCMVI) was a Common year starting on Monday (link will display full calendar of the Gregorian calendar (or a Common year starting In 1975 the company officially became BOC International Ltd, reflecting its success in developing business outside of Britain, and in products beyond oxygen. Year 1975 ( MCMLXXV) was a Common year starting on Wednesday (link will display full calendar of the Gregorian calendar. [2] In June 1999 following rumours of merger discussions between Praxair and BOC, Air Products and Chemicals Inc and L'Air Liquide S.A. made a series of cash offers to acquire BOC. Praxair Inc ( NYSE: PX is the largest industrial gases company in North and South America and one of the largest worldwide L'Air Liquide SA, or Air Liquide (pronounced or;) is a major French company supplying Industrial gases and services to various industries including [3] On 13 July 1999 the BOC board approved a pre-conditional cash offer of £14. 60 per share. [4] Preconditions included obtaining regulatory approval in jurisdictions including the European Union and the USA. On 12 May 2000 the bid was allowed to lapse, following failure to reach a satisfactory agreement with the United States Federal Trade Commission. The Federal Trade Commission ( FTC) is an independent agency of the United States government, established in 1914 by the Federal Trade Commission Act [5] Following the collapse of the bid, BOC developed a new strategy to stimulate business growth in new products and markets, and to reshape its existing portfolio of businesses to improve Group performance.

Takeover

In January 2006 the German industrial group Linde made a preliminary proposal to acquire BOC based on a £15 per share all-cash offer. The Linde Group is the international Industrial gases and Engineering company founded in 1879 This proposal was rejected by the BOC board of directors. In March 2006 Linde made a second proposal based on a £16 per share all-cash offer, valuing the company at £8. 2bn (US$14. 4bn; €12bn). This offer was recommended to shareholders by the BOC Board. This takeover was completed on 5 September 2006. [6] On the 6th September BOC employees received a welcome pack including a letter from Linde CEO Professor Dr. A chief executive officer ( CEO) or chief executive is typically the highest-ranking corporate officer ( executive) or administrator Wolfgang Reitzle, a small badge representing the new logo of The Linde Group and a Swatch watch. Swatch is a brand name for a line of wrist watches from the Swatch Group, a Swiss conglomerate with vertical control of the production of Swiss watches and related products On March 12th 2007, The Linde Group, announced that the vacuum business known as BOC Edwards had been purchased by private investment group 'CCMP Capital'

References

  1. ^ BOC Report and Accounts 2005
  2. ^ BOC Group history
  3. ^ BOC rejects takeover bid
  4. ^ Balloon goes up on BOC independence
  5. ^ BOC merger collapses
  6. ^ Statement on Linde homepage

External links

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