Flowserve Corporation Terminates Merger with Chart Industries

Flowserve Corporation announced the termination of its merger agreement with Chart Industries, Inc. The decision followed Chart's Board of Directors' determination that an unsolicited acquisition proposal from Baker Hughes constituted a 'superior proposal.' As a result, Flowserve will receive a $266 million termination payment. Flowserve emphasized its strong financial momentum and operational performance, driven by its 3D growth strategy—Diversify, Decarbonize, and Digitize. The company remains confident in its ability to deliver sustained, profitable growth and create long-term value for shareholders. Flowserve also highlighted its robust global demand for flow control solutions and its commitment to financial discipline.