Baker Hughes (BKR) is reportedly nearing a $13.6 billion all-cash acquisition of Chart Industries (GTLS), valuing GTLS equity at $210 per share, a 22% premium to its Monday closing price. This proposed deal would supersede Chart's previously terminated $19 billion all-stock merger agreement with Flowserve (FLS). The acquisition is strategically significant for Baker Hughes, as it would bolster its industrial and energy technology division by strengthening its presence in key sectors like liquefied natural gas, nuclear energy, and data centers, though the deal remains subject to change.
Baker Hughes (BKR) is reportedly nearing a definitive agreement to acquire Chart Industries (GTLS) in a $13.6 billion all-cash transaction. The offer, valued at $210 per share, represents a significant 22% premium to Chart's Monday closing price and notably displaces a previously terminated $19 billion all-stock merger agreement between Chart and rival Flowserve (FLS). This development suggests Baker Hughes presented a more compelling, de-risked offer, as an all-cash bid eliminates shareholder exposure to stock price volatility. Strategically, the acquisition is poised to significantly enhance Baker Hughes' industrial and energy technology division by providing immediate, strengthened access to high-growth sectors including liquefied natural gas, nuclear energy, and data centers. Although the report indicates the deal is close to being finalized, it remains subject to potential changes, introducing a degree of uncertainty until a formal announcement is made.
AI-powered research, real-time alerts, and portfolio analytics for institutional investors.
Request a DemoOverall Sentiment
moderately positive
Sentiment Score
0.50
Ticker Sentiment
