Baker Hughes Files EC Form CO, Targets July 2026 Close for Chart Merger
feedReported by Wiseek News
Sentiment
Neutral
Importance
7
Price
$65.8
Mkt Cap
$65.278B
52W Low
$35.83
52W High
$70.41
Market data snapshot near publication time
summarizeSummary
Baker Hughes has filed an EC Form CO, initiating the Phase I review for its acquisition of Chart Industries. The company now expects the merger to close in July 2026, pending EC approval and other regulatory consents. This marks a significant procedural step forward for the previously announced acquisition, for which Baker Hughes secured $9.5 billion in financing through senior notes offerings in March.
At the time of this announcement, BKR was trading at $65.80 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 news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Wiseek News.