Baker Hughes completes acquisition of Chart Industries for $210 per share
Baker Hughes Company completed its acquisition of Chart Industries on July 16, 2026, with each outstanding share of Chart common stock converted into $210.00 in cash. Baker Hughes funded the merger consideration through cash on hand and proceeds from $6.5 billion and €3.0 billion in senior notes issued on March 11, 2026, plus term loan borrowings. In connection with the closing, Chart redeemed $1,457,043,000 of 7.500% Senior Secured Notes due 2030 and $510,000,000 of 9.500% Senior Notes due 2031, and prepaid all amounts outstanding under its credit agreement. Chart common stock was delisted from the NYSE, and Chart will file a Form 15 to terminate its registered reporting status.
Key facts
- Merger consideration: $210.00 per share in cash
- Merger completion date: July 16, 2026
- Senior notes issued to fund merger: $6.5 billion and €3.0 billion, issued March 11, 2026
- Chart redeemed $1,457,043,000 aggregate principal amount of 7.500% Senior Secured Notes due 2030
- Chart redeemed $510,000,000 aggregate principal amount of 9.500% Senior Notes due 2031
- Chart common stock converted into right to receive Merger Consideration; shareholders with appraisal rights excepted
- Baker Hughes acquired control of Chart as indirect subsidiary
- Chart certificate of incorporation amended to authorize only 1,000 shares of common stock
Why it matters
Baker Hughes acquired Chart Industries as a strategic combination in the energy infrastructure sector; the transaction eliminated Chart as an independent public company and consolidated its operations under Baker Hughes ownership, with Chart transitioning to subsidiary status.
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Derived from 8-K filed 2026-07-16. Not investment advice. View the source filing on SEC.gov →