Chart Industries, Inc.
GTLSChart Industries, Inc. (GTLS) is a global leader in the design, manufacturing, and service of highly engineered equipment for the storage, transport, and distribution of cryogenic and hydrocarbon processing products. Founded in 1992 and headquartered in Ball Ground, Georgia, the company serves various industries including energy, space, and health sciences, providing solutions such as cryogenic tanks, heat exchangers, and process systems.
Company News
Penn Capital Management Company sold its entire 108,881-share position in Chart Industries, worth approximately $18 million, likely due to the company's upcoming acquisition by Baker Hughes.
Chart Industries shareholders voted to approve the company's acquisition by Baker Hughes for $210.00 per share, with the transaction expected to be completed by mid-year 2026, pending regulatory approvals.
Law firm Halper Sadeh LLC is investigating potential securities law violations and fiduciary duty breaches for several companies undergoing significant corporate transactions.
Baker Hughes announced a $13.6B acquisition of Chart Industries, signaling potential growth in LNG infrastructure, industrial gases, and decarbonization technologies. The deal suggests institutional confidence in the energy sector's long-term prospects.
Chart Industries' (GTLS) IPSMR process technology, which offers superior efficiency and performance, is selected by Argent's Louisiana-based 20 MTPA LNG facility.
