Chart Industries terminates agreement with Flowserve Corp.
Published by Ellie Brosnan,
Editorial Assistant
Hydrocarbon Engineering,
Chart Industries Inc. has announced that, prior to entering into the definitive agreement with Baker Hughes Co. that has been announced separately, the company and Flowserve Corporation have terminated their previously announced merger agreement.
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.
Read the article online at: https://www.hydrocarbonengineering.com/refining/29072025/chart-industries-terminates-agreement-with-flowserve-corp/
You might also like
The Hydrocarbon Engineering Podcast - Insights into the UN Global Plastics Treaty negotiations
In this episode of the Hydrocarbon Engineering Podcast, Rob Benedict, Vice President, Petrochemicals and Midstream, American Fuel & Petrochemical Manufacturers (AFPM), discusses the outcomes of the final round of UN negotiations for a Global Plastics Treaty.
Tune in to the Hydrocarbon Engineering Podcast on your favourite podcast app today.
