Paris-based Syquant Capital acquired 350,458 shares of Chart Industries in the fourth quarter, valued at $72.28 million. This new position now represents 8.84% of the fund’s reportable 13F assets under management. Chart Industries’ shares are trading just below the $210 per-share cash acquisition price from Baker Hughes, despite strong business performance. In the third quarter, the company reported orders of $1.68 billion, driving the total backlog to about $6.05 billion. Heat transfer systems and specialty products led growth, with strong demand in various sectors. Syquant Capital’s largest holdings focus on large-cap growth and durable cash generators, with Chart Industries now part of its portfolio alongside other key names. Overall, when a stock trades below a signed cash exit while fundamentals improve, the risk-reward may favor investors.

Read more at Nasdaq: Why This Fund Made a $72 Million Bet on a Stock Headed for a $210 Per Share Takeout