LNCR Lincare Holdings Inc. (MM)

   By Harriet Torry 
 

FRANKFURT--Industrial gases company Linde AG (LIN.XE) Tuesday set the placement price for its capital increase with the exclusion of shareholders' subscription rights at 109 euros ($134.2), and said it expects proceeds of EUR1.4 billion which it will use to fund its $4.6 billion acquisition of Lincare Holdings Inc. (LNCR).

Linde will issue some 12.8 million new shares, and holders will be entitled to the dividend for the 2012 financial year.

Linde announced plans for the capital hike late Monday.

At 0908 GMT, Linde shares traded down 1.7% at EUR113.20 while Germany's DAX traded 1.1% higher.

Write to Harriet Torry at harriet.torry@dowjones.com