06/22/2026 | Press release | Distributed by Public on 06/22/2026 04:03
| Item 8.01. |
Other Events. |
As previously reported, on July 28, 2025, Baker Hughes Company, a Delaware corporation ("Baker Hughes"), Tango Merger Sub, Inc., a Delaware corporation and an indirect wholly owned subsidiary of Baker Hughes ("Merger Sub"), and Chart Industries, Inc., a Delaware corporation ("Chart") entered into an Agreement and Plan of Merger (as it may be amended from time to time, the "Merger Agreement"), pursuant to which Baker Hughes will acquire Chart through a merger of Merger Sub with and into Chart (the "Merger"), with Chart surviving the Merger as an indirect wholly owned subsidiary of Baker Hughes.
Following the previously reported submission of a Form CO with the European Commission (the "EC") on May 21, 2026, Baker Hughes and Chart confirm that they are in discussions with the EC regarding possible commitments in order to procure clearance of the Merger by the EC in its initial Phase I review period. The proposed commitments, if adopted, are not expected to have a material impact upon the commercial rationale for, or the benefits of, the Merger.
Based on the prescribed timelines for the Phase I review, including an extension of the Phase I review period as a result of the commitments under discussion, and subject to receipt of the EC's approval and customary closing conditions, Baker Hughes continues to expect the Merger to close in July 2026.