Baker Hughes Completes Acquisition of Chart Industries

Details

in accordance with the previously announced Merger Agreement. As a result of the merger, Chart's common stock was canceled and extinguished, and each share was converted into the right to receive $210.00 in cash. The merger also resulted in a change in control of Chart, with Baker Hughes acquiring control of Chart. The directors and executive officers of Chart, other than the Chief Technology Officer, were removed from their positions. Chart's common stock was delisted from the NYSE in connection with the merger.

Items reported

About Chart Industries Inc.

Chart Industries Inc. is a prominent manufacturing and engineering company with a focus on providing high-end equipment and solutions for the energy and industrial gas sectors. Specializing in cryogenic storage, distribution, and processing systems, Chart Industries plays a critical role in facilitating efficient and sustainable energy and gas operations worldwide. Its product portfolio includes equipment designed for liquefied natural gas (LNG) applications, industrial gases, and other specialty markets that require temperature-sensitive processing solutions. The company's operations significantly impact various industries, including clean energy, healthcare, and manufacturing, by enabling the safe and effective handling of cryogenic materials. Headquartered in Ball Ground, Georgia, Chart Industries is acknowledged for its commitment to innovation and quality, positioning itself as a key player in supporting the transition to cleaner energy sources and enhancing operational reliability and safety in critical industrial applications.