Chart Industries Shareholders Approve $13.6B Baker Hughes Acquisition Closing Mid-2026
Chart Industries Shareholders Approve $13.6B Baker Hughes Acquisition Closing Mid-2026

Chart Industries Shareholders Approve $13.6B Baker Hughes Acquisition Closing Mid-2026

News summary

Shareholders of Chart Industries have approved the company's acquisition by Baker Hughes in a $13.6 billion all-cash deal, expected to close by mid-2026 pending regulatory approvals. Chart shareholders will receive $210.00 per share upon completion. This acquisition is a strategic move by Baker Hughes to enhance its Industrial & Energy Technology segment and expand its presence in high-growth markets such as LNG, data centers, and clean energy. Baker Hughes sees this deal as accelerating its strategy to become a leading energy and industrial technology company focused on delivering substantial shareholder value. CEO Lorenzo Simonelli highlighted the company’s strong recent shareholder returns and noted ongoing reviews for additional value creation opportunities. Chart’s CEO Jill Evanko expressed optimism about moving forward following the shareholder approval milestone.

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