Baker Hughes Sets Sights on Chart Industries in $13.6 Billion Deal

Baker Hughes is nearing a $13.6 billion cash acquisition of U.S. equipment manufacturer Chart Industries. This potential deal would override a previous merger agreement between Chart Industries and Flowserve, which was set at $19 billion. No comments were received from the involved companies.

Baker Hughes, a prominent oil and gas equipment supplier, is on the brink of acquiring U.S.-based equipment manufacturer Chart Industries for $13.6 billion in cash, according to a report by the Financial Times on Monday, citing informed sources.

This impending deal is poised to overturn a previous agreement between Chart Industries and Flowserve, a maker of flow control systems, which was announced in June as a $19 billion all-stock merger. The finalization of Baker Hughes' acquisition could redefine the landscape of the equipment manufacturing sector.

Despite the significant implications of this potential acquisition, Baker Hughes, Chart Industries, and Flowserve have not yet responded to requests from Reuters for comments.