Aug 13 (Reuters) - Flowserve Corp ( FLS ):

* FLOWSERVE TO ACQUIRE MOGAS INDUSTRIES, ACCELERATING 3D

GROWTH

STRATEGY

* PROPOSED DEAL FOR $290 MILLION

* TRANSACTION EXPECTED TO BE ADJUSTED EARNINGS PER SHARE

(EPS)

ACCRETIVE IN FIRST FULL YEAR FOLLOWING CLOSE

* EXPECTS TO FUND UPFRONT CASH CONSIDERATION THROUGH A

COMBINATION

OF CASH AND AVAILABLE DEBT FINANCING

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