Major stumbling blocks in the talks included the questions of where the merged group should be based and how management should be structured, a person familiar with the discussions told AFP on condition of anonymity. The statements by the two companies came just one month after they were forced to confirm they were in merger talks following leaks in the press. Shares in Linde took a tumble as the Frankfurt stock market opened on Monday, losing 7.8 percent, while the DAX index of 30 leading companies fell 2.0 percent by just after 1000 GMT. Praxair confirmed the halt to the talks in a one-line statement of its own. "While the strategic rationale of a merger has been principally confirmed, discussions about details, specifically about governance aspects, did not result in a mutual understanding," it added.
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