Flowserve terminates Chart merger, receives $266M termination fee

FLOWSERVE CORP

Flowserve terminates merger with Chart Industries after Chart received a superior proposal from Baker Hughes (BKR).
Flowserve to receive $266M termination payment, comprising $250M fee and $16M expense reimbursement.
Flowserve Board decided not to submit a revised offer, citing confidence in standalone growth and financial discipline.
The company separately reported Q2 2025 financial results; conference call scheduled for July 30.

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