MORE►
energy tech
Flowserve President and CEO Scott Rowe (left) and Jill Evanko, president and CEO of Chart Industries [Photos: Flowserve/Chart]
Flowserve’s Merger with Chart Industries Is Off, Edged by Baker Hughes’ $13.6B Offer
by David Seeley | Jul 29, 2025
Irving-based Flowserve's all-stock "merger of equals" with Atlanta-based Chart has been usurped by a better offer, after Houston- and London-based Baker Hughes swooped in with $13.6 billion in cash. But Flowserve won't walk away empty-handed—it's getting a $266 million "termination payment."
