03:55 AM EDT, 06/11/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

On June 4, 2025, Chart Industries Inc. ( GTLS ) and Flowserve Corporation (FLS) announced an all-stock merger of equals to be completed by the end of Q4 2025. Following the close of the deal, GTLS shareholders will own ~53.5% and FLS shareholders will own ~46.5% of the combined entity. The deal targets $300 million of annual cost synergies within three years, primarily from materials and procurement savings, and elimination of redundant costs. Prior execution in M&A integration among both firms informs our view that this target is achievable. We view the merger positively as we see the newly formed company as having a firm base of recurring revenue that will support consistent earnings expansion. The combined entity is expected to have a leverage ratio of 2.0x - a healthy foundation in which to pursue additional M&A opportunities from, in our view.