SHAREHOLDER NOTICE: Brodsky & Smith Announces an Investigation of Flowserve Corporation (NYSE – FLS)
BALA CYNWYD – June 4, 2025/Globe Newswire/ – Law office of Brodsky & Smith announces that it is investigating potential claims against the Board of Directors of Flowserve Corporation (“Flowserve” or the “Company”) (NYSE – FLS) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the merger of the Company with Chart Industries, Inc. (NYSE – GTLS). Under the terms of the transaction, Chart shareholders will receive 3.165 shares of Flowserve common stock for each share of Chart common stock owned. Following the close of the transaction, Chart shareholders will own approximately 53.5% and Flowserve shareholders will own approximately 46.5% of the combined company, on a fully diluted basis.
The investigation concerns whether the Flowserve Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including the dilution to its shareholders in the combined company.
If you own shares of Flowserve stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire, or Marc L. Ackerman by email at clients@brodsky-smith.com, or call toll free 855-576-4847.
Brodsky & Smith is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.