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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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635 дней спустя
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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667 дней спустя
Australian Market Slashes Early Gains In Mid-market
The Australian stock market is slashing its early gains in mid-market trading on Monday, recouping the losses in the previous session, following the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is moving up to near the 9,000.00 mark, with gains across most sectors led by mining and technology stocks. Financial stocks were the only weak spot.
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24 минут назад
Asian Markets Track Wall Street Higher
Asian stock markets are trading mostly higher on Monday, following the broadly positive cues from Wall Street on Friday, on an improved outlook for interest rates after US Fed Chair Jerome Powell's dovish comments at the conference in Jackson Hole on Friday. Powell said economic risks are 'shifting' and a rate cut may be warranted. Asian markets closed mixed on Friday.
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41 минут назад
Sensex, Nifty Seen Higher On Dovish Fed Comments
Indian shares are seen opening higher on Monday as traders react to Fed Chair Jerome Powell's dovish comments at the conference in Jackson Hole.
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1ч 20мин назад
Thai Shares Tipped To Open To The Upside On Monday
The Thai stock market has finished higher in two of three trading days since the end of the four-day losing streak in which it had slumped more than 40 points or 3.5 percent. The Stock Exchange of Thailand now sits just above the 1,250-point plateau and it's poised to extend its gains on Monday.
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1ч 50мин назад
Japanese Market Notably Higher
The Japanese stock market is trading notably higher on Monday, extending the gains in the previous session, following the broadly positive cues from Wall Street on Friday, with the Nikkei 225 moving well above the 42,850 level, with gains across most sectors led by index heavyweights and technology stocks.
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2ч 2мин назад
Indonesia Stock Market May End Losing Streak On Monday
The Indonesia stock market has moved lower in two straight sessions, slipping almost 85 points or 1.1 percent along the way. The Jakarta Composite Index now sits just shy of the 7,860-point plateau although it's likely to stop the bleeding on Monday.
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2ч 20мин назад
