Baker Hughes Files EC Form CO, Targets July 2026 Close for Chart Merger
BKR sits 84% above its 52-week low of $35.83.
Summary
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.