Wall Street Breakfast Chart Industries soars on takeover talk
Jul 29, 2025
Chart Industries' stock skyrockets as rumors swirl about Baker Hughes' $13.6 billion takeover bid. Legal troubles loom for Cadence Design Systems after a hefty fine for selling tech to a Chinese university. Warner Bros. is undergoing a major reorganization with new leadership in place. Plus, there's a notable uptick in U.S. smartphone shipments despite tariff concerns, while Medicare Part D premiums are predicted to see a sharp increase in 2026.
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Baker Hughes Targets Chart Industries
- Baker Hughes is close to a $13.6 billion deal to acquire Chart Industries, offering a 22% premium per share.
- This offer would override Chart's earlier merger agreement with Flowserve valued at $19 billion including debt.
Strategic Impact of Acquisition
- The acquisition would bolster Baker Hughes' presence in liquefied natural gas, nuclear energy, and data centers.
- It aligns with enhancing their industrial and energy technology division.
Cadence Export Violation Consequences
- Cadence Design Systems faces a $140 million penalty for exporting semiconductor tech to a Chinese military-linked university.
- The move violated U.S. export laws and involved a front company from 2015 to 2021.