Baker Hughes, Chart Industries in Talks With European Commission Over Commitments Prior to Merger Approval

MT Newswires Live

06/22

Baker Hughes (BKR) and Chart Industries (GTLS) confirmed that they are in talks with the European Commission over "possible commitments" for the Commission's approval of the companies' acquisition transaction, Chart

Industries said in a Monday filing.

The company plans to acquire Chart in a $13.6 billion transaction, with the latter to become an indirect, wholly owned Baker Hughes subsidiary upon closing.

The companies said the proposed commitments are not expected to have a material impact on the merger, but did not provide further details. The transaction is expected to close in July, they added.

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