Chart Industries shareholders approved the acquisition by Baker Hughes, with share payments of $210 each expected by mid-2026.
Quiver AI Summary
Chart Industries, Inc. has announced that its shareholders have approved the company's acquisition by Baker Hughes, with a significant majority voting in favor of the merger agreement at a special meeting. Upon completion, Chart shareholders will receive $210.00 per share in cash. Chart's President and CEO, Jill Evanko, expressed satisfaction with the support from shareholders and looks forward to finalizing the transaction, expected to be completed by mid-2026, pending regulatory approvals. Chart Industries specializes in technologies and equipment for gas and liquid molecule handling, emphasizing clean and sustainable solutions across various industries.
Potential Positives
- Shareholders approved the acquisition by Baker Hughes, signaling strong investor confidence in the merger.
- Chart shareholders will receive $210.00 per share in cash, providing immediate financial benefit to investors.
- The successful vote represents a significant milestone in the company's strategy, paving the way for future growth under Baker Hughes.
- The acquisition aligns with Chart's focus on clean technologies and solidifies its position in the energy sector, enhancing its operational capabilities.
Potential Negatives
- The acquisition by Baker Hughes may indicate that Chart Industries is not confident in its standalone growth potential, raising concerns about its strategic direction and future capabilities.
- The pending completion of the transaction is subject to regulatory approvals, which introduces uncertainty and potential delays that could affect operational stability.
- Shareholders receiving a cash buyout may lead to dissatisfaction among those who believe in the long-term growth potential of the company and prefer to retain their stakes for capital appreciation.
FAQ
What was approved by Chart Industries shareholders?
Chart Industries shareholders voted to approve the company's acquisition by Baker Hughes.
What will shareholders receive from the acquisition?
Shareholders will receive $210.00 per share of common stock in cash upon transaction completion.
When is the acquisition expected to be completed?
The transaction is expected to be completed by mid-year 2026, pending regulatory approvals.
Who is the CEO of Chart Industries?
Jill Evanko is the President and CEO of Chart Industries.
What does Chart Industries specialize in?
Chart Industries specializes in process technologies for gas and liquid molecule handling across various applications.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$GTLS Congressional Stock Trading
Members of Congress have traded $GTLS stock 2 times in the past 6 months. Of those trades, 0 have been purchases and 2 have been sales.
Here’s a breakdown of recent trading of $GTLS stock by members of Congress over the last 6 months:
- REPRESENTATIVE GILBERT RAY CISNEROS, JR. has traded it 2 times. They made 0 purchases and 2 sales worth up to $30,000 on 09/02, 06/16.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.
$GTLS Hedge Fund Activity
We have seen 289 institutional investors add shares of $GTLS stock to their portfolio, and 275 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- JANUS HENDERSON GROUP PLC removed 1,606,480 shares (-98.3%) from their portfolio in Q2 2025, for an estimated $264,506,932
- WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC removed 1,038,346 shares (-99.6%) from their portfolio in Q2 2025, for an estimated $170,963,668
- PERPETUAL LTD added 652,888 shares (+inf%) to their portfolio in Q2 2025, for an estimated $107,498,009
- NEUBERGER BERMAN GROUP LLC removed 411,179 shares (-43.1%) from their portfolio in Q2 2025, for an estimated $67,700,622
- ENGAGED CAPITAL LLC removed 368,996 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $60,755,191
- DRIEHAUS CAPITAL MANAGEMENT LLC removed 340,198 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $56,013,600
- CLEARLINE CAPITAL LP added 295,977 shares (+3129.1%) to their portfolio in Q2 2025, for an estimated $48,732,613
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$GTLS Analyst Ratings
Wall Street analysts have issued reports on $GTLS in the last several months. We have seen 2 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Morgan Stanley issued a "Overweight" rating on 05/16/2025
- Stifel issued a "Buy" rating on 04/22/2025
To track analyst ratings and price targets for $GTLS, check out Quiver Quantitative's $GTLS forecast page.
$GTLS Price Targets
Multiple analysts have issued price targets for $GTLS recently. We have seen 6 analysts offer price targets for $GTLS in the last 6 months, with a median target of $210.0.
Here are some recent targets:
- Martin Malloy from Johnson Rice set a target price of $210.0 on 07/30/2025
- Manav Gupta from UBS set a target price of $210.0 on 07/30/2025
- David Anderson from Barclays set a target price of $169.0 on 07/10/2025
- Daniel Kutz from Morgan Stanley set a target price of $225.0 on 05/16/2025
- Ati Modak from Goldman Sachs set a target price of $173.0 on 04/24/2025
- Benjamin Nolan from Stifel set a target price of $214.0 on 04/22/2025
Full Release
ATLANTA, Oct. 06, 2025 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (NYSE: GTLS) (“Chart” or the “Company”) today announced that its shareholders voted to approve the Company’s acquisition by Baker Hughes (NASDAQ: BKR). At the special meeting of Chart shareholders held today, a majority of the outstanding shares of Chart common stock were voted in favor of the adoption of the definitive merger agreement. Under the terms of the merger agreement, Chart shareholders will be entitled to receive $210.00 per share of common stock in cash upon the completion of the transaction.
"We are pleased to deliver this transaction to Chart shareholders and thank them for their support,” said Chart President and CEO Jill Evanko. “With this important milestone now achieved, we look forward to moving forward with the completion of the transaction.”
The final voting results of Chart’s special meeting will be reported in a Form 8-K filed by Chart with the U.S. Securities and Exchange Commission. The transaction is expected to be completed by mid-year 2026, subject to customary conditions and the receipt of applicable regulatory approvals.
About Chart Industries, Inc.
Chart Industries, Inc. is a global leader in the design, engineering, and manufacturing of process technologies and equipment for gas and liquid molecule handling for the Nexus of Clean™ - clean power, clean water, clean food, and clean industrials, regardless of molecule. The company’s unique product and solution portfolio across stationary and rotating equipment is used in every phase of the liquid gas supply chain, including engineering, service and repair and from installation to preventive maintenance and digital monitoring. Chart is a leading provider of technology, equipment and services related to liquefied natural gas, hydrogen, biogas and CO2 capture amongst other applications. Chart is committed to excellence in environmental, social and corporate governance issues both for its company as well as its customers. With 65 global manufacturing locations and over 50 service centers from the United States to Asia, Australia, India, Europe and South America, the company maintains accountability and transparency to its team members, suppliers, customers and communities. To learn more, visit
www.chartindustries.com
.
Chart Industries Contacts:
Investor Contact:
John Walsh
Senior Vice President, Investor and Government Relations
1-770-721-8899
[email protected]
Media Contact:
Jim Golden / Jude Gorman / Jack Kelleher
Collected Strategies
[email protected]
This press release was published by a CLEAR® Verified individual.
