On October 6, 2025, Baker Hughes Company announced that shareholders of Chart Industries approved the pending acquisition, marking a key milestone in the company’s transformation strategy. The deal terms provide Chart shareholders with $210.00 in cash per share upon completion, with the transaction expected to close by mid‑2026 subject to regulatory approvals. This acquisition expands Baker Hughes’ Industrial & Energy Technology (IET) portfolio, adding capabilities in LNG, data‑center power, and clean‑energy solutions, and is positioned to enhance the company’s high‑growth market presence. CEO Lorenzo Simonelli highlighted that the transaction will accelerate Baker Hughes’ goal of becoming a premier energy and industrial technology provider, reinforcing the company’s commitment to delivering substantial shareholder value through strategic growth and operational synergies.
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