Flowserve Drops 3% on $19B Merger Shock!
Wednesday, Jun 4, 2025 11:56 am ET1min read
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Flowserve Corporation dropped 3.05% intraday, with the company announcing a merger with Chart IndustriesGTLS-- in an all-stock deal valued at approximately $19 billion. The merger will create a differentiated leader in industrial process technologies, with Chart shareholders receiving 3.165 shares of Flowserve's common stock for each share held. However, FlowserveFLS-- shareholders will own approximately 46.5% of the combined company, which may have contributed to the stock's decline.
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