Baker Hughes: This Massive Deal For Chart Industries Makes Sense

2025-07-30 09:29:43 ET

July 29th was a very interesting day for shareholders of Baker Hughes Company ( BKR ) and Chart Industries, Inc. ( GTLS ). Shares of the former dipped by 1.7%, while shares of the latter skyrocketed 15.8%. These share price movements can be attributed to the fact that, after days of rumors, news broke that Baker Hughes has decided to acquire Chart Industries in an all-cash deal valued at $210 per share. This might seem odd to those who follow Chart Industries closely because, in early June of this year, Chart Industries and Flowserve Corporation ( FLS ) decided to merge in an all-stock deal. In fact, this was a transaction that I wrote about at the time. I found it particularly interesting that shares of both enterprises dropped in response to that development. However, I disagreed with the market’s reaction and viewed that development as a positive for shareholders of both firms....

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