Chart Industries Inc. has announced the termination of its merger agreement with Flowserve Corporation. Prior to this, Chart Industries had entered into a definitive agreement with Baker Hughes Company. This decision was made after Chart's Board of Directors, with guidance from their financial and legal advisors, determined that the proposal from Baker Hughes was more favorable. Wells Fargo and Winston & Strawn LLP are advising Chart Industries on this transaction. The announcement was made by Chart Industries.
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