Shareholders Back Chart Industries' Merger with Baker Hughes
Chart Industries Secures Shareholder Approval for Acquisition
In a significant move for the company, Chart Industries, Inc. (NYSE: GTLS) announced that shareholders have approved its acquisition by Baker Hughes. This acquisition marks a pivotal moment for Chart, as this merger will greatly enhance its capabilities and offerings in the energy sector.
Understanding the Acquisition Details
During a special shareholders meeting, a clear majority voiced their support for the definitive merger agreement. Shareholders will receive a generous cash payment of $210.00 per share of common stock upon the successful completion of this transaction. This decision reflects the confidence shareholders have in the strategic direction Chart is heading towards.
Insights from Leadership
Jill Evanko, President and CEO of Chart Industries, expressed gratitude towards the shareholders for their support. “We are pleased to deliver this transaction to Chart shareholders and thank them for their support,” she stated. The leadership's positive outlook emphasizes the significance of this merger and its alignment with the company's growth strategy.
Future Outlook of the Merger
As the news unfolds, Chart is diligently preparing for the next steps in this journey. The acquisition is set to be finalized by mid-year 2026, contingent on standard conditions and essential regulatory approvals. Chart's commitment to transparency indicates that updates on the merger process will be shared promptly.
Chart Industries’ Vision and Commitment
Chart Industries is recognized globally for its innovative approach in manufacturing and engineering technologies essential for handling gas and liquid molecules. The company's mission encompasses promoting clean energy solutions and sustainability across various industries, including liquefied natural gas and hydrogen applications.
Company Infrastructure and Global Reach
With its robust infrastructure, Chart operates numerous manufacturing locations and service centers worldwide, spanning from the Americas to Asia and Europe. This global footprint allows Chart to efficiently cater to its diverse customer base while maintaining a strong commitment to excellence in corporate governance.
Contact Information for Stakeholders
For investors seeking more information, John Walsh serves as the Senior Vice President for Investor and Government Relations, reachable at 1-770-721-8899 or via email at john.walsh@chartindustries.com. Media inquiries can be directed to the team at Collected Strategies, which includes Jim Golden, Jude Gorman, and Jack Kelleher, at Chart-CS@collectedstrategies.com.
Frequently Asked Questions
What prompted the acquisition of Chart Industries by Baker Hughes?
The acquisition aims to enhance Chart's capabilities within the energy sector, focusing on clean technology solutions.
What will shareholders receive from the acquisition?
Shareholders will receive $210.00 per share of common stock in cash upon completion of the transaction.
When is the merger expected to finalize?
The merger is expected to be completed by mid-year 2026, pending regulatory approvals.
Who can I contact for investor relations at Chart?
John Walsh is the Senior Vice President of Investor Relations, available at 1-770-721-8899.
What is Chart Industries known for?
Chart Industries is a leader in designing, engineering, and manufacturing technologies for gas and liquid molecule handling, with a focus on sustainability and clean energy solutions.
About The Author
Contact Lucas Young privately here. Or send an email with ATTN: Lucas Young as the subject to contact@investorshangout.com.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.