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Baker Hughes raises annual forecasts after Chart acquisition
Source: reuters.com
Corporate Guidance & OutlookM&A & RestructuringCompany FundamentalsEnergy Markets & Prices
Baker Hughes raised its full-year revenue forecast, citing benefits from its $13.6 billion acquisition of industrial equipment maker Chart Industries. The upgraded outlook indicates that the acquisition is contributing positively to the oilfield-services provider's revenue trajectory and could support a company-specific share-price reaction.
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