Mergers & Acquisitions ·
On July 16, 2026, Baker Hughes completed its acquisition of Chart Industries, Inc. Each share of Chart common stock…
GTLSChart Industries Inc
On July 16, 2026, Baker Hughes completed its acquisition of Chart Industries, Inc. Each share of Chart common stock was converted into the right to receive $210.00 in cash. As part of the merger, Chart's board of directors resigned and executive officers Gerald F. Vinci, Joseph R. Brinkman, and Herbert G. Hotchkiss were removed, while Joseph A. Belling remains Chief Technology Officer. Baker Hughes funded the transaction using cash on hand, borrowings, and senior notes totaling $6.5 billion and €3.0 billion issued on March 11, 2026. Chart's outstanding 7.500% Senior Secured Notes due 2030 ($1.457 billion) and 9.500% Senior Notes due 2031 ($510 million) were redeemed in full. Chart has requested delisting from the NYSE. The company provides engineered equipment for the energy transition and industrial gas industries.