Baker Hughes Outbids and Cancels Planned Merger by Buying Chart Industries for $13.6B

Oilfield services giant Baker Hughes said Tuesday it would buy energy services and equipment company Chart Industries in a $13.6 billion deal, further entrenching Baker Hughes in the expanding liquified natural gas industry.

The deal is the latest chapter in Houston-based Baker Hughes’ yearslong effort to develop its LNG and power grid portfolio to help cushion the blow of an unstable oil and gas market. 

Read more at the Houston Chronicle