A prominent mergers and acquisitions legal firm has issued a shareholder alert concerning Chart Industries, casting a shadow over the impending $13.6 billion acquisition by Baker Hughes. The warning, issued on September 23rd, arrives just weeks before a critical shareholder vote scheduled for October 6th, highlighting persistent concerns over the deal’s terms.
Deal Terms and Strategic Implications
Should the transaction be approved, Chart Industries shareholders will receive $210 per share in cash for all outstanding stock. This all-cash deal, valued at a total enterprise value of $13.6 billion, represents a significant strategic pivot for Chart Industries. The company had previously terminated a stock-for-stock merger agreement with Flowserve Corporation on July 29th to accept the superior Baker Hughes proposal.
Key Transaction Details:
* Per-Share Offer: $210 in cash
* Total Enterprise Value: $13.6 billion
* Strategic Focus: Expansion in liquefied natural gas (LNG), data centers, and hydrogen
* Projected Synergies: Annual cost savings of $325 million, targeted within three years
In light of the pending acquisition, Chart Industries has withdrawn its full-year 2025 financial forecast, citing the uncertainties inherent in the takeover process.
Should investors sell immediately? Or is it worth buying Chart Industries?
Market Skepticism and Share Price Performance
The market appears to be pricing in a degree of risk regarding the deal’s successful completion. During early trading, Chart Industries’ stock showed minimal movement, hovering around the $199 mark. This price sits notably below the $210 per share offer, indicating investor skepticism.
The upcoming October 6th vote now serves as a crucial juncture for the company’s future. While the boards of both companies gave their unanimous approval in July, the recent shareholder alert confirms that certain investor groups are conducting their own rigorous assessments of the transaction’s merits.
A failure to secure shareholder approval would leave Chart Industries in a precarious position, lacking both a public financial forecast and a clear strategic direction. For Baker Hughes, the stakes are equally high, as the acquisition is central to its expansion plans within high-growth energy technology markets.
Ad
Chart Industries Stock: Buy or Sell?! New Chart Industries Analysis from February 7 delivers the answer:
The latest Chart Industries figures speak for themselves: Urgent action needed for Chart Industries investors. Is it worth buying or should you sell? Find out what to do now in the current free analysis from February 7.
Chart Industries: Buy or sell? Read more here...
