Air Liquide To Pay $395M For LVL Medical

Law360, New York (June 8, 2012, 12:25 PM EDT) -- Air Liquide SA plans to purchase a 70 percent interest in LVL Medical Groupe SA at a heavy premium, giving the French home health care provider an enterprise value of €316 million ($395 million) and augmenting its health business, the buyer said Friday.

The French industrial gas company said it had entered exclusive discussions with LVL Medical's controlling shareholder, the Lavorel family, which would sell the company's French business but keep its smaller German operations in the proposed deal. Air Liquide's €30.89 ($38.58) per-share offer is...
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