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Chart Industries Inc. (NYSE:GTLS) announced Friday that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR Act) for its planned merger with Baker Hughes Company has expired without objection. The expiration occurred at 11:59 p.m. Eastern Time on Thursday. The $8.96 billion market cap company has shown strong momentum with a 32.21% price return over the past six months, according to InvestingPro data.
The merger, first announced on July 28, 2025, involves Baker Hughes acquiring Chart Industries through a merger with Tango Merger Sub, Inc., a wholly owned subsidiary of Baker Hughes. Upon completion, Chart Industries will become an indirect wholly owned subsidiary of Baker Hughes.
According to the statement, the closing of the merger remains subject to customary conditions and the receipt of additional required regulatory approvals. Both companies continue to expect the transaction to close in mid-2026.
Chart Industries’ common stock and depositary shares representing interests in its Series B Mandatory Convertible Preferred Stock are listed on the New York Stock Exchange under the symbols NYSE:GTLS and NYSE:GTLS.PRB, respectively.
This information is based on a statement released in a filing with the Securities and Exchange Commission.
In other recent news, Chart Industries reported its third-quarter 2025 financial results, which showed a miss on both earnings and revenue. The company announced adjusted earnings per share of $2.78, which fell short of the analyst expectations of $3.10. Additionally, revenue was reported at $1.1 billion, below the consensus estimate of $1.18 billion. These results reflect a shortfall in the anticipated financial performance for the quarter. Despite the earnings miss, the company’s stock showed a slight increase in pre-market trading. Analyst firms have not provided further upgrades or downgrades following this announcement. Investors will likely be assessing these results in the context of broader market conditions. These developments are part of the company’s recent financial disclosures.
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