Chart Industries soars on takeover talk

Wall Street Breakfast

Seeking Alpha

Business, Investing, Business News, News

3.8 • 950 Ratings

🗓️ 29 July 2025

⏱️ 5 minutes

🔗️ Recording | iTunes | RSS

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Summary

Baker Hughes (BKR) nears $13.6B deal to buy Chart Industries (GTLS), displacing Flowserve - FT. (00:25) Cadence (CDNS) to pay $140 million to U.S. for selling chip design tech to Chinese university. (01:10) Core 'Warner Bros.' (WBD) biz to be led by Zaslav; Wiedenfels to head networks unit 'Discovery Global'. (01:56)

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Transcript

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0:00.0	Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning.
0:08.0	It's good to be with you on this Tuesday, July 29th. I'm Julie Morgan.
0:13.5	Chart industry soars on $13.6 billion buyout buzz.
0:18.2	Cadence pays for his dealings with China, and Warner Brothers reveals new names.
0:25.2	Chart Industries is up 14% pre-market. The Financial Times reported that Baker Hughes is near a $13.6 billion
0:33.2	cash deal to acquire the company. That price would value chart at $210 per share, a 22% premium to its
0:41.6	Monday closing price. A deal by Baker Hughes would supersede an earlier agreement between chart
0:47.3	industries and flow serve, which announced an all-stock merger in June that valued the combined
0:52.9	company in $19 billion, including debt.
0:56.3	The F.T. reported that the acquisition would strengthen Baker Hughes' presence in liquefied natural
1:02.0	gas, nuclear energy, and data centers bolstering its growing industrial and energy technology
1:08.8	division. Cadence design systems has agreed to plead guilty to violating export laws and will pay over
1:16.3	$140 million to the U.S. government.
1:19.8	Authorities found that the company illegally sold semiconductor design tech to an entity
1:25.0	associated with China's military, represented by China's National
1:29.6	University of Defense Technology through a front company between 2015 and 2021.
1:35.8	In 2015, the U.S. Department of Commerce placed the Chinese institution on a blacklist because
1:41.6	it was accused of simulating nuclear explosions and military operations
1:46.3	using its supercomputer, which employed U.S. microprocessor chips. CDNS is up 6% in pre-market action.
1:56.5	Warner Brothers Discovery has chosen new names for its businesses that are set to split by the middle of next year.
2:03.9	The streaming and studios business will be Warner Brothers and its networks business will be called Discovery Global.
2:10.9	The streaming and studios business will consist of Warner Brothers Television, the motion picture group,
	...

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