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The BOC Group is the official name of the multinational on the London Stock Exchange . BOC is a constituent of the FTSE 100 Index . As of March 2006 it is in the process of being acquired by Linde of Germany (see below). BUSINESS ACTIVITIES The BOC group has expanded beyond its industrial gas origins, and now operates in the following areas.
In March 2005, BOC announced that it has completed the sale of Afrox Healthcare - a Hospital and managed health care group operating in South Africa - to a consortium led by Black Economic Empowerment investors. HISTORY Brin's Oxygen Company, Ltd. was formed in 1886 by Arthur and Leon Brin . In the early days they manufactured Oxygen using a high temperature Barium Oxide process developed from work by French scientist Jean Baptiste Boussingault . The main application for gaseous oxygen at this time was in connection with the Limelight light sources used in Magic Lantern s and theatre lighting. A major new market emerged around 1903 with the development of the Oxyacetylene Welding process. Around the same time, new Cryogenic air separation processes based on work by Carl Von Linde and others replaced the barium oxide process, paving the way for larger scale and more efficient production. The company became the ''British Oxygen Company'' in 1906 and grew nationally and internationally through the following decades. In 1975 the company officially became ''BOC International Ltd'', reflecting its success in developing business outside of Britain, and in products beyond oxygen. BOC Group history TAKEOVER In January 2006 the German industrial group Linde made a preliminary proposal to acquire BOC based on a £15 per share all-cash offer. This proposal was rejected by the BOC board of directors. In March 2006 Linde made a second proposal based on a £16 per share all-cash offer, valuing the company at £8.2bn ($14.4bn; 12bn euros). This offer has been recommended to shareholders by the BOC Board. Pending government and shareholder approval, completions is expected in the third quarter of 2006. Reuters , 6 March 2006 BBC , 6 March 2006 REFERENCES EXTERNAL LINKS
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