Chart Industries Completes Acquisition of Worthington Industries

On October 13, Chart Industries, Inc. (GTLS) completed its acquisition of Worthington Industries, Inc. Chart now owns Worthington’s Alabama manufacturing site, all trailer-related intellectual property, manufacturing capabilities, and equipment and repair backlog. The acquisition extends Chart’s expertise in cryogenics and liquid hydrogen storage to include trailers and equipment for transportation of liquid hydrogen.

 

Sonal detected the event and sent an alert at 11:30 am. The next trade took place at 11:31 am for $73.16. Chart’s stock price increased slightly through the close of regular trading and saw significant gains over the next four trading sessions. The stock price closed at $83.10 on October 19 for a gain of 13.6%.

 

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