Jun. 5 at 1:25 PM
Shares of
$FLS fell -6.16% on Wednesday at
$47.41 &
$GTLS pulled back -9.46% at
$146.30, following news that the U.S. companies agreed to combine in an all-stock merger of equals deal. Chart provides equipment for the cryogenic liquefaction of gases, while Flowserve is a major supplier of industrial machinery, including pumps and valves. Chart stock is down -7.06% in the past month -23.34% in 2025, but up +0.15% y/y, with a market cap of
$6.69B. Flowserve shares are down -1.04% in the past month, -17.58% in 2025 & -0.08% y/y, with a market cap of
$6.2B.
