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The acquisition aligns with FLS's growth strategy, potentially increasing earnings. Historical acquisitions often lead to positive stock trends post-deal completion.
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Flowserve acquired MOGAS Industries for $305 million to enhance its portfolio. MOGAS adds critical valve products for mining and process industries to FLS. Acquisition expected to boost adjusted earnings per share in the first year. FLS maintaining strong momentum with a Zacks Rank #1 (Strong Buy). Stock has gained 38.3% in the past year, outperforming its industry.
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