Baker Hughes in Negotiation to Acquire Chart Industries in $13.6bn Deal

Baker Hughes in Negotiation to Acquire Chart Industries in $13.6bn Deal
Image courtesy of Baker Hughes; Baker Hughes hardhat close up

Baker Hughes, the global oil and gas innovations supplier, is about to acquire Chart Industries, a U.S-based industrial manufacturing company working in gas-handling systems, through a deal worth $13.6 billion, Reuters reported. Sources said the transaction is expected to be announced in the coming days, though they noted that the agreement is not yet final.

They added that the potential deal would replace the $19 billion all-stock merger Chart Industries agreed to with Flowserve in June. According to the Financial Times, Baker Hughes’ interest in acquiring Chart Industries prompted the company’s board to reconsider its merger agreement with Flowserve.

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Fatma Ahmed 2419 Posts

Fatma Ahmed is a staff writer with six years’ experience in Journalism. She is working in the field of oil and gas for four years. She also worked in the field of economic journalism for 2 years. Fatma has a Bachelor Degree in Mass Communication.

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