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Baker Hughes is set to buy Chart Industries for $13.6 billion in cash, valuing Chart at $210/share, a 22% premium, FT reported. The bid trumps Chart's earlier $19 billion merger with Flowserve, which is now terminated. Chart's stock surged 18% after-hours. Sentiment was 'bullish' for Baker Hughes but 'bearish' for Chart and Flowserve.
short by / 11:20 am on 29 Jul
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