Baker Hughes (BHI)/Halliburton (HAL) Deal Less Likely to Close - Jefferies
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Halliburton and Baker Hughes Provide Update Regarding DOJ Review
December 15, 2015 3:00 PM ESTHalliburton and Baker Hughes Extend the Time Period for Closing the Transaction to No Later than April 30, 2016, as Permitted under the Merger Agreement
HOUSTON--(BUSINESS WIRE)-- Halliburton Company (NYSE: HAL) and Baker Hughes Incorporated (NYSE: BHI) today announced that they expect that their timing agreement with the Antitrust Division of the U.S. Department of Justice (DOJ) will expire without reaching a settlement or the DOJ initiating litigation at this time to block their pending transaction. The DOJ has informed the companies that it does not believe that... More
