Beck's Hughes is about to acquire Chart Industries for $13.6 billion in cash.

On Tuesday morning Eastern Time, the stock price of Baker Hughes fell by about 1%, following reports that the company is set to acquire Chart Industries for $13.6 billion in cash. The deal values Chart Industries at $210 per share, a 22% premium to its previous closing price. This acquisition will replace the previous merger agreement between Chart Industries and Fox Corporation. The transaction aims to strengthen Baker Hughes' presence in the liquefied natural gas, nuclear energy, and data center sectors.