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.