Baker Hughes closes $210/share acquisition of Chart Industries; stock to be delisted

summarizeSummary

Baker Hughes completed its acquisition of Chart Industries at $210 per share in cash. Chart will be delisted from the NYSE and deregistered. All outstanding debt was redeemed or repaid, and the board and most executives have stepped down.

check_boxKey Events · M&A and Partnerships · GTLS

• Merger Closed

  The acquisition closed on July 16, 2026, with each Chart share converted into the right to receive $210.00 in cash.

• Financing and Debt Repayment

  Baker Hughes funded the merger with cash, $6.5 billion and €3.0 billion in senior notes, and term loans. Chart redeemed $1.457 billion of 7.500% Senior Secured Notes due 2030 and $510 million of 9.500% Senior Notes due 2031, and fully repaid its credit facility.

• Delisting and Deregistration

  Chart notified the NYSE to delist its common stock and will file a Form 15 to terminate registration and suspend reporting obligations.

• Board and Management Changes

  All seven directors resigned effective at closing. Most executive officers were removed, except CTO Joseph A. Belling, who continues in his role.

auto_awesomeAnalysis · GTLS · Manufacturing

The merger between Chart Industries and Baker Hughes closed today, July 16, 2026, marking a definitive end to Chart's run as a public company. Shareholders will receive $210.00 per share in cash, a slight premium to the last trading price of $209.93. Financing for the deal came from a mix of cash, $6.5 billion and €3.0 billion in senior notes, and term loans. As part of the closing, Chart redeemed all outstanding notes—totaling approximately $1.97 billion—and fully repaid its credit facility. The company has requested NYSE delisting and will deregister its common stock. All directors and most executive officers have departed, with only the CTO remaining. This is a thesis-altering event: Chart will cease to exist as a public entity, and the stock will stop trading.