Baker Hughes to Acquire Chart Industries for $9.6 Billion

Baker Hughes Co. agreed to buy industrial equipment maker Chart Industries Inc. for about $9.6 billion in cash, expanding the oilfield service giant’s reach into liquefied natural gas, data centers and other technologies.

The deal announced early Tuesday calls for Chart investors to receive $210 per share, a 22% premium over Monday’s closing price. The agreement puts an end to Chart’s previous plan to merge with Flowserve Corp.