May
02

Morning Agenda: Halliburton and Baker Hughes Call Off Merger

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HALLIBURTON AND BAKER HUGHES CALL OFF MERGER |The oil services providers Halliburton and Baker Hughes have called off their $35 billion merger,
Leslie Picker reports in DealBook. A person briefed on the matter said the decision came after a long regulatory review that ended with the Justice Department seeking to block the deal.

Bloomberg, which had reported that the deal would be terminated, reported that the United States attorney general, Loretta E. Lynch, said “The companies’ decision to abandon this transaction — which would have left many oilfield service markets in the hands of a duopoly — is a victory for the U.S. economy and for all Americans.”…

Morning Agenda: Halliburton and Baker Hughes Call Off Merger

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