0658 GMT - Air Liquide's agreement to buy of DIG Airgas looks like a step in the right direction, Jefferies analysts write in a research note. The French industrial-gases company signed a binding agreement to acquire the South Korean group that values it at 2.85 billion euros, including debt and cash. DIG Airgas has around 20% share of South Korea's industrial gas market, they say. "M&A opportunities in the consolidated industrial gas sector are limited, and therefore it represents a minor strategic positive," the analysts say. Jefferies expects a limited share-price response. Shares closed at 183.30 euros on Thursday. (andrea.figueras@wsj.com)
(END) Dow Jones Newswires
August 22, 2025 02:58 ET (06:58 GMT)
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