Why Chart Industries Was Rocketing 12% Higher Today
Shares of Chart Industries (NYSE: GTLS) were rising on Wednesday, up 12% on the day as of 1:08 p.m. ET.
On March 17, cryogenic tank and gas-handling storage specialist Chart Industries completed the $4.4 billion acquisition of U.K.-based Howden, which makes industrial gas handling equipment, such as compressors, heat exchangers, steam turbines, and industrial fans. It's a significant acquisition for Chart and essentially doubles the size of the company.
Yesterday afternoon, the company released a presentation updating investors on the acquisition and reiterating the combined company's full-year 2023 and 2024 projected outlook.
Source Fool.com
