Overview
- Chart shareholders will receive $210 in cash per share when the transaction closes.
- The deal remains subject to customary regulatory and antitrust approvals before completion.
- Financing is backed by a bridge facility from Goldman Sachs and Morgan Stanley that Baker Hughes plans to refinance with long-term debt.
- Baker Hughes frames the acquisition as expanding its position in LNG, hydrogen, carbon capture, and data‑center cooling, with about $325 million in projected annual cost synergies within three years.
- The agreement supersedes Chart’s earlier Flowserve merger, which will prompt a reported $266 million termination fee, and Chart will file final vote results in an SEC Form 8‑K.