MergerJun 22, 2026, 06:07 AM
Baker Hughes in EC Talks for Chart Merger Clearance; July 2026 Close
AI Summary
Baker Hughes Company and Chart Industries, Inc. are in discussions with the European Commission regarding potential commitments to secure clearance for their merger. These proposed commitments are not anticipated to materially affect the commercial rationale or benefits of the acquisition. Despite an expected extension of the EC's Phase I review period due to these discussions, Baker Hughes continues to expect the merger to close in July 2026, subject to EC approval and customary closing conditions.
Key Highlights
- Baker Hughes and Chart are discussing commitments with the EC for merger clearance.
- Proposed commitments are not expected to materially impact the merger's rationale or benefits.
- EC's Phase I review period will be extended due to commitment discussions.
- Baker Hughes continues to expect the merger to close in July 2026.
- The merger involves Baker Hughes acquiring Chart, making it an indirect wholly-owned subsidiary.
Price Impact
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