Chart Industries Inc. $GTLS and Flowserve Corp. $FLS, two prominent players in the industrial engineering sector, have agreed to a strategic merger, forming a new entity valued at approximately $19 billion. According to yesterday’s official statement, Chart shareholders will receive 3.165 shares of Flowserve for each Chart share they hold. This transaction structure grants Chart investors a majority position of 53.5% ownership in the future enterprise, marking a significant development in market consolidation.