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Market Chatter: EU to Rule on Baker Hughes $13.6B Acquisition of Chart Industries by June 26

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EU antitrust regulators will decide by June 26 whether to approve or further investigate Baker Hughes' (BKR) proposed $13.6 billion acquisition of Chart Industries (GTLS), Reuters reported Friday, citing European Commission filing.

The deal, announced in July last year, is intended to expand Baker Hughes' presence in industrial technology, including services tied to liquefied natural gas and data center infrastructure, while strengthening its broader energy and industrial portfolio.

The European Commission, which enforces competition rules in the EU, can approve the transaction with or without conditions, or open a deeper investigation if it identifies potential antitrust concerns, according to Reuters.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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