MergerJun 22, 2026, 06:07 AM
Chart Industries Merger with Baker Hughes on Track for July 2026 Close
AI Summary
Chart Industries and Baker Hughes are in discussions with the European Commission regarding potential commitments to secure clearance for their merger. These commitments are not expected to materially impact the commercial rationale or benefits of the merger. Chart continues to expect the merger to close in July 2026, subject to EC approval and customary closing conditions.
Key Highlights
- Chart Industries and Baker Hughes are discussing commitments with the European Commission for merger clearance.
- Potential commitments are not expected to materially impact the merger's commercial rationale or benefits.
- The merger with Baker Hughes is still expected to close in July 2026.
- The merger agreement was initially entered into on July 28, 2025.
- A Form CO was submitted to the European Commission on May 21, 2026.
- The merger will result in Chart becoming an indirect wholly owned subsidiary of Baker Hughes.
Price Impact
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