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Ingersoll Rand To Acquire Howden Roots From Chart Industries For About $300 Mln Cash
(RTTNews) - Ingersoll Rand, Inc. (IR) entered into a definitive agreement to acquire Howden Roots LLC from Chart Industries, Inc. (GTLS) for an all-cash purchase price of approximately $300 million. Roots is a leading provider of low-pressure compression and vacuum technologies.
The acquisition adds long-standing premium brand with complementary low-pressure compression and vacuum technologies. It also enhances Ingersoll Rand's capabilities to serve high growth, sustainable end markets including green steel
This acquisition is expected to close in the third quarter 2023 upon obtaining required regulatory approvals. Upon close, Roots will join Ingersoll Rand's IT&S segment.
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Chart Industries Introduces Medium-term Financial Targets Through 2026
Ahead of its Investor Day later on Tuesday, engineering design firm Chart Industries, Inc. (GTLS) will introduce medium-term financial targets through 2026.
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633 dias atrás
Chart Industries Q3 Results Miss Estimates; Cuts FY23 Revenue Outlook
Chart Industries, Inc. (GTLS) reported Friday a net loss attributable to the company for the third quarter of $3.4 million or $0.07 per share, compared to net income of $41.2 million or $0.98 per share in the prior-year quarter. Income from continuing operations were $0.05 per share, compared to $0.98 per share last year.
Excluding items, adjusted earnings for the quarter was $1.28 per share, compared to $1.19 per share a year ago.
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665 dias atrás
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1 h 21 min atrás
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FTSE 100 Down Slightly; Standard Chartered Shares Up Sharply
U.K. stocks are turning in a mixed performance in cautious trade on Friday, amid a lack of fresh triggers. Investors are awaiting Fed Chair Jerome Powell's speech later in the day at the Jackson Hole Symposium, for clues about U.S. central bank's interest rate move next month.
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3 h 13 min atrás
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The U.S. dollar strengthened against other major currencies in the European session on Friday, as traders expect speech by Fed Chair Jerome Powell at the Jackson Hole Symposium.
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3 h 17 min atrás
CAC 40 Up Slightly In Lackluster Trade
French stocks are mostly subdued on Friday with investors refraining from making significant moves, choosing to wait for key speeches from central bank chiefs at the Jackson Hole Symposium. The focus is on Fed Chair Jerome Powell's speech for clues about interest rate cuts in September.
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3 h 34 min atrás
U.S. Dollar Rises Against Majors
The U.S. dollar strengthened against other major currencies in the European session on Friday.
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3 h 46 min atrás
