On Tuesday, December 20, 2016, Linde, a German supplier of industrial-gas products, announced that it was entering into a "merger of equals" with US competitor Praxair in a deal valued at $35 billion. The pairing had been talked about for months. The market reacted by dropping Linde's stock price from 162.15 to a low of 156.00, and Praxair's from 122.32 to 116.47.
But a subscriber of Bloomberg's Professional service was able to dig deeper. Using the terminal's "tren" function ─ short(er) for tr
James talks about his trip to Chicago and some of the interesting topics that came up (including a look at disaster recovery demands). Then Anthony and James touch on ISDA's initial margin rules, with Phase 3 going live next year.Subscribe to Weekly Wrap emails