Halliburton and Baker Hughes broken marriage

On May 1, 2016, Halliburton and Baker Hughes, respectively the second and third largest oilfield services firms, have announced the abandonment of their planned $34.6bn merger because of opposition from US and European regulators. Recap of acquisition’s drivers and structure of the deal Throughout this deal, Halliburton aimed to broaden its product lines and increase … Continue reading Halliburton and Baker Hughes broken marriage

BIG OIL M&A IS BACK. HALLIBURTON – BAKER HUGHES

On November 17, 2014 Halliburton Co. (NYSE: HAL) and Baker Hughes Inc. (NYSE: BHI) announced a definitive agreement under which Halliburton – the No.2 biggest oilfield services provider – is going to acquire all the outstanding shares of Baker Hughes – No.3 in the same industry - in a $34.6 billion stock and cash transaction. … Continue reading BIG OIL M&A IS BACK. HALLIBURTON – BAKER HUGHES