US Edition
Baker Hughes bets on LNG, data center demand with $13.6 billion Chart Industries deal
UNITED STATES, JUL 28 – Baker Hughes offers a 22% premium to acquire Chart Industries, aiming to boost its natural gas and LNG business and surpassing Flowserve’s earlier $19 billion merger plan.
- Earlier this month, the Financial Times reported Baker Hughes is nearing a $13.6 billion cash acquisition of Chart Industries, though the deal is not final and may change.
- That pact, struck last month, would be displaced by the Baker Hughes deal, sources said.
- Following the FT report, Chart Industries' stock rose more than 17% to $202, with a deal valued at $210 per share, a 22% premium.
- Following the bid, Chart Industries' board terminated its deal with Flowserve, sources said, after Baker Hughes' higher bid prompted reconsideration.
- In the coming days, the deal is likely to be announced, and it would strengthen Baker Hughes' industrial and energy technology business unit, a major profit contributor.
22 Articles
22 Articles
Johnson Fistel Investigates Fairness of Proposed Sale of Chart Industries - Chart Industries (NYSE:GTLS), Baker Hughes (NASDAQ:BKR)
SAN DIEGO, July 29, 2025 (GLOBE NEWSWIRE) -- Shareholder rights law firm Johnson Fistel, PLLP has launched an investigation into whether the board members of Chart Industries, Inc. (NYSE:GTLS) breached their fiduciary duties in connection with the proposed sale of the Company to Baker Hughes (NASDAQ:BKR). Background: • On July 29, 2025, Chart Industries and Baker Hughes announced a definitive merger agreement under which Baker Hughes will acquir…
Enid News & Eagle
BOE ReportBaker Hughes to Acquire Chart Industries, Accelerating Energy & Industrial Technology Strategy
Significant step high-grades the portfolio and adds value accretive customer offerings, transforms Baker Hughes’ Industrial & Energy Technology segmentChart Industries brings differentiated capabilities across a diverse set of end markets advantaged by secular growth drivers such as natural gas, data…
Baker Hughes Eyes $13.6 Billion Acquisition of Chart Industries
Baker Hughes is nearing a deal for the acquisition of Chart Industries, a gas liquefaction service and equipment provider, for $13.6 billion in cash, the Financial Times has reported, citing unnamed sources in the know. The publication noted that Chart had earlier made plans to merge with sector player Flowserve. Indeed, last month the two put out a press release saying they had reached a definitive agreement to merge as equals in a $19-billion …
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