Baker Hughes to Buy Chart Industries in $13.6B All-Cash Deal

Baker Hughes said on Tuesday it has agreed to acquire Chart Industries for $210 a share in cash, or about $13.6 billion, as the Houston energy technology company furthers its expansion in liquified natural gas and data centers.

Also Tuesday, Irving-based Flowserve Corp. said it terminated its offer to acquire Chart because the Baker Hughes offer is a “superior proposal” under the terms of the agreement. Flowserve said it will receive a $266 million termination payment. Flowserve’s offer of 3.165 shares for each Chart common share was worth roughly $175 a share.