12:00 PM EDT, 07/29/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

BKR announced a $13.6B cash buyout of Chart Industries (GTLS) at $210/share, with BKR shares down 1.5% and GTLS up 16% in early trading. The deal adds GTLS's $4.2B in 2024 revenues (24% growth, 24.4% EBITDA margins) to BKR's Industrial & Energy Technology segment, which had $12.2B revenues with 16.8% margins in 2024. We like this deal as it enhances BKR's capabilities in fast-growing business lines including data centers and LNG, while diversifying IET's portfolio by moving non-Oil & Gas exposure from 15% to 30% post-merger. BKR expects $325M in cost synergies over three years from SG&A, supply chain, and facility optimization, targeting 19% pro-forma IET margins. The deal implies a 9x forward EBITDA multiple with synergies versus GTLS's 10.5x historical average, though rises to 11.6x without synergies. Pro-forma net debt/EBITDA will climb to 2.25x from 1.59x, but we expect BKR to delever to the 1.0x-1.5x target range within two years given the projected $5.8B combined FCF from 2025-2026.