Baker Hughes Aims to Acquire Chart Industries in $13.6 Billion Deal
Baker Hughes is nearing a $13.6 billion cash acquisition of Chart Industries, potentially overtaking a previous deal between Chart and Flowserve. This significant move by Baker Hughes could reshape the equipment manufacturing landscape. The companies involved have not provided comments on the evolving situation.
Baker Hughes is reportedly on the verge of sealing a $13.6 billion cash acquisition of Chart Industries, a U.S.-based equipment manufacturer, as reported by the Financial Times on Monday.
This development threatens to nullify a previously announced all-stock merger between Chart Industries and Flowserve, a maker of flow control systems, which had valued the combined entity at around $19 billion.
As the high-stakes business maneuver unfolds, Baker Hughes, Chart Industries, and Flowserve have yet to issue official comments on the matter, despite inquiries from Reuters.
(With inputs from agencies.)
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