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U.S.-based equipment manufacturer Chart Industries and flow control systems maker Flowserve Corp agreed to merge in an all-stock deal, valuing the combined company at about $19 billion.
Chart shareholders will receive 3.165 shares of Flowserve for every GTLS share, giving them a 53.5% stake in the new entity. ... From cryogenic compression to digital flow management, ...
The all-stock merger between Chart and Flowserve triggered a sell-off, despite the deal's strategic appeal. Read more on GTLS and FLS stocks here.
Chart shareholders will receive 3.165 shares of Flowserve common stock for each share of Chart common stock owned, resulting in Chart shareholders owning approximately 53.5% and Flowserve ...
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Chart Industries and Flowserve merge to create a $19B industrial-tech giant. Discover strategic synergies, industry scale, and financial insights.
Jill Evanko, President and CEO of Chart, highlighted the merger’s potential to deliver high-quality solutions and greater aftermarket growth opportunities. Scott Rowe, President and CEO of Flowserve, ...
Chart had a market capitalization of $7.26 billion, as of stock’s last close, according to data compiled by LSEG, while Flowserve’s valuation stood at $6.6 billion.
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Once the deal closes, Chart Industries shareholders would own 53.5% of the combined company, and Flowserve shareholders would own 46.5%, on a fully diluted basis. The companies billed the deal as ...