The shareholders of US cryogenic equipment manufacturer Chart Industries have approved its sale to global energy company Baker Hughes in a $13.6bn cash deal.
At a meeting held today, a majority of Chart shareholders voted to approve the merger agreement.
Under the terms of the deal, shareholders will receive $210 in cash for each share of common stock once the transaction is completed.
The news follows Chart having of equals with industrial machinery supplier Flowserve after having signed a new $13.6bn cash deal with Baker Hughes.
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