Baker Hughes Files with EC for Chart Industries Merger Approval, Expects July Close
BKR sits 84% above its 52-week low of $35.83.
Summary
Baker Hughes announced a key regulatory milestone for its acquisition of Chart Industries, filing with the European Commission and projecting a July 2026 closing.
Key Events · M&A and Partnerships · BKR
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EC Regulatory Filing
Baker Hughes filed a Form CO with the European Commission on May 21, 2026, initiating the Phase I review for the Chart Industries merger.
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Merger Closing Timeline
The company now expects the merger with Chart Industries to close in July 2026, subject to regulatory approvals and customary closing conditions.
Analysis · BKR · Energy & Transportation
Baker Hughes has advanced the regulatory process for its acquisition of Chart Industries by filing with the European Commission. This step initiates the Phase I review and provides a clearer timeline, with the merger now expected to close in July 2026, reducing uncertainty around the significant transaction.
At the time of this filing, BKR was trading at $65.81 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $65.3B. The 52-week trading range was $35.83 to $70.41. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.