DALLAS – Flowserve Corporation has announced it has terminated its previously announced merger agreement for Flowserve to combine with Chart Industries, Inc. The termination follows the Flowserve board of directors’ decision not to submit a revised offer to merge with Chart, after being notified that Chart’s board of directors had determined that a recent unsolicited acquisition proposal from Baker Hughes constituted a “superior proposal” under the terms of the merger agreement. In accordance with the terms of the merger agreement, Flowserve will receive a $266 million termination payment.
In a separate press release issued today, Flowserve announced its financial results for the second quarter ended June 30, 2025. Flowserve will host its conference call to discuss second quarter results on Wednesday, July 30, at 11:00 a.m. Eastern Time. The call can be accessed by shareholders and other interested parties on Flowserve’s Investors page.
