Flowserve Corporation (NYSE: FLS) ("Flowserve"), a leading provider of flow control products and services for the global infrastructure markets, today announced it has terminated its previously announced merger agreement for Flowserve to combine with Chart Industries,

Oil and gas equipment supplier Baker Hughes said on Tuesday it would acquire Chart Industries in a $13.6 billion all-cash deal, including debt, edging out rival suitor Flowserve. The deal adds to the ongoing consolidation in the oilfield services and industrial supply sector,

US cryogenic equipment manufacturer Chart Industries has terminated its $19bn all-stock merger of equals with industrial machinery supplier Flowserve, having signed a new $13.6bn cash deal with global energy company Baker Hughes.