Latest news with #Flowserve
Yahoo
2 hours ago
- Business
- Yahoo
Chart Industries and Flowserve Announce $19 Billion All-Stock Merger of Equals
Chart Industries (GTLS, Financials) and Flowserve (FLS, Financials) will merge in an all-stock deal to form a combined industrial process technology company with an enterprise value of approximately $19 billion, the companies said Wednesday. Under the agreement, Chart shareholders will receive 3.165 Flowserve shares for each Chart share owned, resulting in 53.5% ownership by Chart investors in the new entity. Warning! GuruFocus has detected 4 Warning Signs with GTLS. The new company will combine Chart's compression, thermal, and cryogenic systems with Flowserve's pump, valve, and seal portfolio, aiming to deliver integrated solutions with strong digital overlays. Revenue from aftermarket services is projected to reach $3.7 billion annually, driven by a 5.5 million-unit installed base. Chart CEO Jill Evanko will become Chair of the new board, while Flowserve CEO Scott Rowe will lead the combined company as Chief Executive. Headquarters will be in Dallas, with continued presence in Atlanta and Houston. The transaction is expected to close in Q4 2025 pending shareholder and regulatory approvals. The companies expect $300 million in annual cost synergies within three years and incremental revenue growth of 2%. Adjusted earnings per share are projected to be accretive in year one. The combined entity plans to maintain an investment-grade balance sheet and Flowserve's historical dividend levels. This article first appeared on GuruFocus.
Yahoo
2 hours ago
- Business
- Yahoo
Chart Industries and Flowserve Announce $19 Billion All-Stock Merger of Equals
Chart Industries (GTLS, Financials) and Flowserve (FLS, Financials) will merge in an all-stock deal to form a combined industrial process technology company with an enterprise value of approximately $19 billion, the companies said Wednesday. Under the agreement, Chart shareholders will receive 3.165 Flowserve shares for each Chart share owned, resulting in 53.5% ownership by Chart investors in the new entity. Warning! GuruFocus has detected 4 Warning Signs with GTLS. The new company will combine Chart's compression, thermal, and cryogenic systems with Flowserve's pump, valve, and seal portfolio, aiming to deliver integrated solutions with strong digital overlays. Revenue from aftermarket services is projected to reach $3.7 billion annually, driven by a 5.5 million-unit installed base. Chart CEO Jill Evanko will become Chair of the new board, while Flowserve CEO Scott Rowe will lead the combined company as Chief Executive. Headquarters will be in Dallas, with continued presence in Atlanta and Houston. The transaction is expected to close in Q4 2025 pending shareholder and regulatory approvals. The companies expect $300 million in annual cost synergies within three years and incremental revenue growth of 2%. Adjusted earnings per share are projected to be accretive in year one. The combined entity plans to maintain an investment-grade balance sheet and Flowserve's historical dividend levels. This article first appeared on GuruFocus.
Yahoo
2 days ago
- Business
- Yahoo
Why Flowserve Corporation (FLS) Crashed On Wednesday
We recently published a list of . In this article, we are going to take a look at where Flowserve Corporation (NYSE:FLS) stands against other worst-performing stocks on Wednesday. Flowserve dropped its share prices by 6.16 percent on Wednesday to end at $47.41 apiece following plans to merge with Chart Industries, Inc. (NYSE: GTLS) for a transaction value of $19 billion. Under the agreement, Chart shareholders will receive 3.165 shares of Flowserve Corporation (NYSE:FLS) common stock for each share of Chart common stock owned. A group of industrial workers in coveralls operating a large scale pump system in a factory. Following the closing of the transaction, Chart shareholders will own approximately 53.5 percent and Flowserve Corporation (NYSE:FLS) shareholders will own approximately 46.5 percent of the merger company, on a fully diluted basis. 'The merger will create a differentiated leader with the scale and resilience to meet the significant demand for comprehensive industrial process technologies and services,' said Flowserve Corporation (NYSE:FLS) President and CEO Scott Rowe. 'Chart's and Flowserve's highly complementary businesses will strengthen our ability to meet our customers' needs, empower innovation and drive long-term, sustainable growth,' he added. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Business Wire
2 days ago
- Business
- Business Wire
FLOWSERVE INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Merger of Flowserve Corporation
NEW YORK & NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ('KSF') are investigating the proposed merger of Flowserve Corporation (NYSE: FLS) and Chart Industries, Inc. (NYSE: GTLS). Upon closing of the proposed transaction, Flowserve shareholders will own approximately 46.5% of the combined company, on a fully diluted basis. KSF is seeking to determine whether the merger and the process that led to it are adequate, or whether the merger is fair to Flowserve shareholders. If you would like to discuss your legal rights regarding the proposed transaction, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis S. Kahn ( toll free at any time at 855-768-1857, or visit to learn more. To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit
Yahoo
3 days ago
- Business
- Yahoo
Industrial tech firms Chart Industries, Flowserve set for all-stock merger
-- Industrial-process technology firms Chart Industries Inc (NYSE:GTLS) and Flowserve Corporation (NYSE:FLS), are on the brink of finalizing an all-stock merger, according to a Wall Street Journal report on Wednesday. The combined entity would be worth roughly $19 billion, including debt, the report said, citing people familiar with the matter. Shares of Chart Industries fell about 2% in pre-market trading, while Flowserve gained over 1%. Under the terms of the merger, Chart Industries shareholders will receive 3.165 shares of Flowserve common stock for every share of Chart common stock they own, the report added. After the completion of the transaction, Chart Industries shareholders will own a majority stake of 53.5% in the combined entity, with Flowserve shareholders holding the remaining 46.5%, according to the Journal. The deal, which is expected to be announced as early as Wednesday. Related articles Industrial tech firms Chart Industries, Flowserve set for all-stock merger UBS upgrades Snowflake on signs of sustained data infrastructure investment Any near-term weakness in S&P 500 would provide a 'buy the dip' opportunity: JPM Sign in to access your portfolio
