GTLS holders should tender shares for the $210 cash consideration promptly. The stock will be delisted and deregistered — remaining public market liquidity is ending. No further trading opportunity in GTLS common equity.
Price Chart
Executive Summary
Baker Hughes completed its $210.00/share all-cash acquisition of Chart Industries on July 16, 2026. Chart survives as a Baker Hughes indirect subsidiary, its common stock will be delisted from the NYSE and deregistered, and all prior directors and most executive officers have been replaced.
Key Facts
- Merger closed July 16, 2026; Chart shareholders received $210.00/share in cash.
- Chart survives as an indirect subsidiary of Baker Hughes; public float is being extinguished.
- NYSE listing and SEC registration will be terminated via Form 25 and Form 15.
- Chart's $1.457B secured notes and $510M unsecured notes being redeemed; credit facility repaid/terminated.
- Entire board of directors and all executive officers (except CTO Joseph A. Belling) removed/ceased; new subsidiary governance adopted.
Financial Impact
$210.00 per share all-cash consideration; total equity value ~$10B (based on market cap at filing). Baker Hughes funded via $6.5B + $3.0B senior notes issuance and term loans.
Risk Factors
- Shareholders who perfect appraisal rights may face delayed payment and litigation costs.
- Any remaining GTLS float post-merger has zero liquidity — delisting and deregistration are imminent.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-305482 |
| Document: d10289dex32.htm | 0001193125-26-305482 |
| Document: d10289dex31.htm | 0001193125-26-305482 |
| Document: 0001193125-26-305482-index-headers.html | 0001193125-26-305482 |
| Document: 0001193125-26-305482-index.html | 0001193125-26-305482 |
| Document: 0001193125-26-305482.txt | 0001193125-26-305482 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jul 29, 2026 9w ago | 15-12G | — | awaiting T+20 | — | — |
Jul 16, 2026 11w ago | 25-NSE | $209.97 awaiting T+20 | awaiting T+20 | — | — |
Jul 16, 2026 11w ago | 8-K | $209.97 awaiting T+20 | awaiting T+20 | — | — |
Jun 22, 2026 14w ago | 8-K | $208.98 $209.90 | ▲ +0.44% | ▲ +0.59% | — |
Jun 11, 2026 16w ago | Institutional Cluster | $206.49 $209.60 | ▲ +1.51% | ▼ −0.38% | — |
Feb 27, 2026 30w ago | Press Release | $207.06 $206.80 | ▼ −0.13% | ▲ +7.81% | — |
US Market Status
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