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Chart Industries, Flowserve Shares Slip Premarket on Deal to Merge
Under the agreement, Chart shareholders will receive 3.165 Flowserve shares, worth about $159.90 based on Flowserve's Tuesday closing price of $50.52, for each Chart share held, about 1% below Chart's Tuesday closing price of $161.59. Chart shareholders will own 53.5% of the combined company, while Flowserve shareholders would own 46.5%.
Learn how to read a stock chart to make smarter, more calculated, and confident trading and investing decisions.
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