Brief: Chart Industries And Flowserve Corporation To Combine In All-Stock Merger Of Equals, Creating A Differentiated Leader In Industrial Process Technologies
04/06/2025 12:16
Flowserve Corp FLS.N: CHART INDUSTRIES AND FLOWSERVE CORPORATION TO COMBINE IN ALL-STOCK MERGER OF EQUALS, CREATING A DIFFERENTIATED LEADER IN INDUSTRIAL PROCESS TECHNOLOGIES CHART INDUSTRIES INC - COMBINED ENTERPRISE VALUE EXPECTED TO BE $19 BILLION CHART INDUSTRIES INC - SHAREHOLDERS TO RECEIVE 3.165 FLOWSERVE SHARES PER CHART SHARE CHART INDUSTRIES INC - SHAREHOLDERS TO OWN 53.5% OF COMBINED COMPANY CHART INDUSTRIES INC - EVANKO TO BE CHAIR, ROWE TO BE CEO OF COMBINED COMPANY CHART INDUSTRIES INC - DEAL EXPECTED TO BE ACCRETIVE TO ADJUSTED EPS IN FIRST YEAR CHART INDUSTRIES INC - EXPECTED TO GENERATE $300 MILLION ANNUAL COST SYNERGIES WITHIN THREE YEARS CHART INDUSTRIES INC - COMBINED COMPANY WILL ASSUME A NEW NAME AND BRAND FOLLOWING CLOSE Source text: ID:nBwbb1KlLa Further company coverage: FLS.N
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