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U.S.-based equipment manufacturer Chart Industries and flow control systems maker Flowserve Corp agreed to merge in an all-stock deal, valuing the combined company at about $19 billion.

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(Reuters) -U.S.-based equipment manufacturer Chart Industries and flow control systems maker Flowserve Corp agreed to merge in an all-stock deal, valuing the combined company at about $19 billion. The ...

Chart Industries and Flowserve merge to create a $19B industrial-tech giant. Discover strategic synergies, industry scale, and financial insights.

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(Reuters) -U.S.-based equipment manufacturer Chart Industries and flow control systems maker Flowserve Corp agreed to merge in an all-stock deal, valuing the combined company at about $19 billion.

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.

Chart shareholders will own 53.5% of the combined company, while Flowserve shareholders would own 46.5%. Shares of Chart, based in Ball Ground, Ga., were recently down 1.6% at $159 in premarket ...