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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 $210 per share, a 22% premium.
- Following the bid, Chart Industries' board terminated its deal with Flowserve, sources said, after Baker Hughes' higher bid prompted reconsideration.
- In the coming days, the deal is likely to be announced, and it would strengthen Baker Hughes' industrial and energy technology business unit, a major profit contributor.
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Chart Industries, which designs and manufactures process technologies and equipment for the management of gas and liquid molecules, has withdrawn its fusion agreement from US$ 19 billion with Flowreserve
·Brazil
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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…
·New York, United States
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Coverage Details
Total News Sources22
Leaning Left3Leaning Right1Center9Last UpdatedBias Distribution69% Center
Bias Distribution
- 69% of the sources are Center
69% Center
L 23%
C 69%
Factuality
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