Baker Hughes to acquire Chart Industries for $210 per share in cash
Baker Hughes agreed to buy Chart Industries in an all-cash deal valued at $13.6 billion in enterprise value, with Chart shareholders receiving $210 per share. Baker Hughes has a $14.9 billion bridge loan commitment to fund the deal, and the companies expect to complete it by mid-year 2026, subject to Chart shareholder and regulatory approvals.
Key points
- Chart shareholders will receive $210 per share in cash; enterprise value is $13.6 billion
- Baker Hughes has a bridge loan commitment of up to $14.9 billion, expected to be replaced with permanent debt financing before close
- Baker Hughes projects net leverage of 2.25x at close, de-leveraging to 1.0-1.5x within 24 months after close
- Chart would pay Baker Hughes a $250 million termination fee under specified circumstances; Baker Hughes would pay $500 million in certain regulatory or legal failure cases
The filing
Written by AI on Nov 8, 2026, 1:30 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 29, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.