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The all-stock merger between Chart and Flowserve was greeted with a material sell-off. On paper, the deal makes sense: synergies are valuable, the portfolio is diversified, and valuation now is ...
Chart Industries and Flowserve Strike All-Stock Merger. The combined entity will be worth roughly $19 billion, including debt. By . Lauren Thomas. Share. Resize. Listen (1 min) ...
Flowserve Corporation and Chart Industries, Inc. merge for $300M synergies, sparking investor skepticism on growth and strategy. Click for my take on FLS and GTLS.
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.
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, ...
(Reuters) -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.
US industrial equipment businesses Chart Industries and Flowserve are to merge in a major $19bn deal that aims to establish a scaled industrial process technology business with a range of ‘flow and ...