Overview
- Chart Industries terminated its $19 billion all-stock merger with Flowserve and agreed to pay a $266 million termination fee after accepting Baker Hughes’s cash offer
- Baker Hughes’s $13.6 billion all-cash acquisition values Chart at $210 per share, a 22% premium over its pre-offer price
- The deal leverages Chart’s 65 manufacturing sites and more than 50 service centers to expand Baker Hughes’s global footprint in LNG and data center markets
- The acquisition remains subject to regulatory approvals and customary closing conditions, with completion expected by mid-2026
- Baker Hughes plans to draw on its $43.5 billion order backlog, including over $550 million in data center orders, to drive growth in efficient and lower-carbon energy solutions