Chart Industries’ Shareholders Approve Acquisition by Baker Hughes
Rhea-AI Summary
Chart Industries (NYSE: GTLS) shareholders approved the company’s acquisition by Baker Hughes (NASDAQ: BKR) at a special meeting held on October 6, 2025.
Under the definitive merger agreement, Chart shareholders will receive $210.00 per share in cash upon closing. Management said the vote delivers the transaction to shareholders and the company expects completion by mid‑2026, subject to customary closing conditions and required regulatory approvals. Final voting totals will be reported in a Form 8‑K filed with the SEC.
Positive
- Cash consideration of $210.00 per share
- Majority shareholder approval obtained at special meeting
- Transaction expected to close by mid‑2026
Negative
- Completion contingent on regulatory approvals
- Transaction subject to customary closing conditions that may delay closing
News Market Reaction
On the day this news was published, GTLS declined 0.31%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
ATLANTA, Oct. 06, 2025 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (NYSE: GTLS) (“Chart” or the “Company”) today announced that its shareholders voted to approve the Company’s acquisition by Baker Hughes (NASDAQ: BKR). At the special meeting of Chart shareholders held today, a majority of the outstanding shares of Chart common stock were voted in favor of the adoption of the definitive merger agreement. Under the terms of the merger agreement, Chart shareholders will be entitled to receive
"We are pleased to deliver this transaction to Chart shareholders and thank them for their support,” said Chart President and CEO Jill Evanko. “With this important milestone now achieved, we look forward to moving forward with the completion of the transaction.”
The final voting results of Chart’s special meeting will be reported in a Form 8-K filed by Chart with the U.S. Securities and Exchange Commission. The transaction is expected to be completed by mid-year 2026, subject to customary conditions and the receipt of applicable regulatory approvals.
About Chart Industries, Inc.
Chart Industries, Inc. is a global leader in the design, engineering, and manufacturing of process technologies and equipment for gas and liquid molecule handling for the Nexus of Clean™ - clean power, clean water, clean food, and clean industrials, regardless of molecule. The company’s unique product and solution portfolio across stationary and rotating equipment is used in every phase of the liquid gas supply chain, including engineering, service and repair and from installation to preventive maintenance and digital monitoring. Chart is a leading provider of technology, equipment and services related to liquefied natural gas, hydrogen, biogas and CO2 capture amongst other applications. Chart is committed to excellence in environmental, social and corporate governance issues both for its company as well as its customers. With 65 global manufacturing locations and over 50 service centers from the United States to Asia, Australia, India, Europe and South America, the company maintains accountability and transparency to its team members, suppliers, customers and communities. To learn more, visit www.chartindustries.com.
Chart Industries Contacts:
Investor Contact:
John Walsh
Senior Vice President, Investor and Government Relations
1-770-721-8899
john.walsh@chartindustries.com
Media Contact:
Jim Golden / Jude Gorman / Jack Kelleher
Collected Strategies
Chart-CS@collectedstrategies.com
This press release was published by a CLEAR® Verified individual.
FAQ
What did Chart Industries (GTLS) shareholders approve on October 6, 2025?
When is the Chart Industries and Baker Hughes transaction expected to close?
How will Chart shareholders be paid in the Baker Hughes acquisition of GTLS?
Were final vote totals for the GTLS special meeting provided on October 6, 2025?
Does the GTLS acquisition by Baker Hughes require regulatory approval?
