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Apr

04

U.S. Sues ValueAct, Saying It Violated Antitrust Law

By Tony Seruga

Not long after Baker Hughes and Halliburton announced a merger agreement in November 2014, ValueAct, led by Jeffrey W. Ubben, started acquiring stakes in both energy giants.

The prominent hedge fund came up with a plan if the $35 billion deal turned messy: to push the chief executives to do what it took to ensure the deal went through.

That strategy (and when ValueAct came up with it) is at the heart of a $19 million antitrust lawsuit filed on Monday by the Justice Department…

U.S. Sues ValueAct, Saying It Violated Antitrust Law

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