US' Chart industries end Flowserve deal, accepts Baker Hughes proposal
Chart Industries has ended its merger agreement with Flowserve after its Board, with legal and financial advisors, deemed Baker Hughes' acquisition proposal a 'Superior Chart Proposal.' Chart has now entered a definitive agreement with Baker Hughes. Wells Fargo and Winston & Strawn advised Chart, with Collected Strategies as communications advisor.
The transaction with Baker Hughes follows a determination by the Chart Board of Directors, with the assistance of its financial and legal advisors, that an acquisition proposal received from Baker Hughes constitutes a 'Superior Chart Proposal' under the terms of its merger agreement with Flowserve.
Wells Fargo is serving as financial advisor and Winston & Strawn LLP is serving as legal advisor to Chart. Collected Strategies is serving as Chart's strategic communications advisor. Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged.
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