Chart Industries Terminates Merger Agreement with Flowserve Corporation

Core Viewpoint - Chart Industries, Inc. has terminated its merger agreement with Flowserve Corporation and has entered into a definitive agreement with Baker Hughes Company, which was deemed a "Superior Chart Proposal" by the Chart Board of Directors [1][2]. Company Overview - Chart Industries, Inc. is a global leader in energy and industrial gas solutions, specializing in the design, engineering, and manufacturing of process technologies and equipment for gas and liquid molecule handling [3]. - The company operates across various sectors, including liquefied natural gas, hydrogen, biogas, and CO2 capture, with a commitment to environmental, social, and corporate governance [3]. - Chart has 64 global manufacturing locations and over 50 service centers worldwide, ensuring accountability and transparency to stakeholders [3]. Transaction Details - The acquisition proposal from Baker Hughes was determined to be superior to the previously announced merger with Flowserve, leading to the termination of that agreement [2]. - Wells Fargo is acting as the financial advisor, while Winston & Strawn LLP is serving as the legal advisor for Chart in this transaction [2].