Chart Industries gains on buyout offer from Baker Hughes

Chart Industries

29/07/2025 13:00

** Shares of U.S.-based equipment maker Chart Industries  GTLS.N rise 16.6% at $200.09 in premarket trading

** Oil and gas equipment supplier Baker Hughes BKR.O says it will acquire GTLS in $13.6 bln all-cash deal including debt, terminating deal with rival suitor Flowserve FLS.N

** BKR offers Chart's shareholders $210 per share, which represents premium of about 22% on stock's last close

** Deal's equity value is $9.44 bln, according to Reuters calculations

** Shares of BKR were down 1.4% at $45.89, while FLS rose 6.3% at $58.30

** Deal is expected to close by mid-2026

** Up to last close, Chart Industries down 10% YTD

 (Reporting by Pranav Mathur in Bengaluru)

 ((Pranav.Mathur@thomsonreuters.com;))