Messer Griesheim to tender for 10 3/8% notes as part of sale

New York, Jan. 20 - Messer Griesheim Holding AG will tender for its €550 million 10 3/8% senior notes due 2011 as part of the proposed sale of some of Messer Griesheim GmbH's operations to L'Air Liquide SA.

The Norderfriedrichskoog, Germany, industrial and specialty gas company will also carry out a consent solicitation to permit the various transactions, according to a filing with the Securities and Exchange Commission.

The tender offer will be financed with the proceeds of the sale to Air Liquide.

Messer Griesheim and Air Liquide announced Monday that Air Liquide will buy Messer Griesheim's operations in Germany, the United Kingdom and the United States for €2.7 billion including assumed debt.

In addition the Messer family through its holding company Messer Industrie GmbH will acquire the equity stakes in the company from the other shareholders, Allianz Capital Partners and private equity funds managed by Goldman Sachs. The company will have operations in 26 countries in western and eastern Europe plus China and Peru.

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