Chart Industries: To Sell Or Not To Sell (Rating Downgrade)

2025-11-10 04:59:20 ET

Should investors sell or wait about eight months for regulatory approval for the deal? Chart Industries ( GTLS ) reported a third quarter loss because another better deal from Baker Hughes ( BKR ) replaced the deal that was in place before that. The last article covered the rumors that Baker Hughes was about to make a superior deal. That actually happened. However, Baker Hughes will most likely pay the fee. But Chart has to carry the liability until it is obvious that all conditions are met for Baker Hughes to be responsible for the breakup fee. This is a noncash entry that hopefully will stay noncash. The question remains about what is in it for investors at this point....

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