Flowserve (FLS) to Acquire MOGAS Industries
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/18/2026
- US stocks set for lower open as Iran stalemate lifts oil, yields
- Baidu slips as Q2 results miss estimates despite growth in AI cloud business
- Nvidia or Sandisk? BofA reveals which stock is under-owned and which is crowded
- Home Depot beats estimates, reaffirms fiscal 2026 guidance
- Citi says positioning risk is shifting from short squeezes to profit-taking
- Wall Street indexes slip as oil prices rise, retail results awaited
- Micron rises as White House presses Apple to avoid Chinese memory chips
- BofA sees Micron EPS topping $230 by FY30, calls peak fears overblown
- Trump threatens to bomb Oman over Iran stance
- Goldman Sachs to acquire real estate company LCN for up to $410M
Flowserve to Acquire MOGAS Industries, Accelerating 3D Growth Strategy
August 13, 2024 8:30 AM EDTStrategically expands severe service flow control offering in attractive mining, mineral extraction and process industries Highly complementary product and service offering with large installed base that meaningfully enhances Flowserves aftermarket opportunity Attractive upfront purchase multiple of approximately 7.5x MOGAS 2024E adjusted EBITDA which is expected to reduce further with synergy realization Transaction expected to be adjusted Earnings Per Share (EPS) accretive in the first full year following close
DALLAS--(BUSINESS WIRE)-- Flowserve Corporation (Flowserve) (NYSE: FLS), a leading provider of... More
