Reported about 18 hours ago
Baker Hughes is close to finalizing a $13.6 billion cash acquisition of Chart Industries, surpassing competitor Flowserve's previous all-stock merger agreement. This move cancels Chart's prior arrangement with Flowserve, which was valued at $19 billion. Following the announcement, Chart's stock surged significantly. The deal, which could be announced soon, positions Baker Hughes to strengthen its foothold in the natural gas and LNG market.
Source: YAHOO