Chart Industries Inc. (NYSE: GTLS) announced that Baker Hughes Company filed a Form CO with the European Commission on May 21, 2026, initiating the Phase I review period for their pending merger.

The companies entered into a merger agreement on July 28, 2025, under which Baker Hughes will acquire Chart Industries through a merger transaction. Chart will survive as an indirect wholly owned subsidiary of Baker Hughes following completion.

Chart and Baker Hughes have completed their pre-notification process with the European Commission. Based on the prescribed timelines for the Phase I review period, Chart expects the merger to close in July 2026, subject to European Commission approval, other regulatory approvals, and customary closing conditions.

The merger involves Tango Merger Sub Inc., an indirect wholly owned subsidiary of Baker Hughes, merging with Chart Industries. All three entities are Delaware corporations.