| Halliburton and Baker Hughes extend DOJ review period | |
| | |
|
HOUSTON (AP) -- Halliburton Co. and Baker Hughes Inc. said Friday that they have extended the timeline for completing the U.S. Department of Justice's antitrust review of its plans to combine.
The companies decided in 2014 that Halliburton would buy rival oilfield services company Baker Hughes in a deal worth $34.6 billion. But the companies have been waiting for regulatory approval to complete the transaction.
Halliburton and Baker Hughes said they now have agreed to complete the review process by Nov. 25 or 90 days after both have certified substantial compliance with the DOJ's second request. Both companies expect to complete this step by mid-summer.
The companies now expect the deal to close no later than Dec. 1.
|
|
| |
ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Halliburton is a and oil producing company based in United states of america. Halliburton is listed in United States of America. Its market capitalisation is US$ 33.4 billions as of today (€ 31.2 billions). Its stock quote reached its lowest recent point on January 25, 2002 at US$ 10.06, and its highest recent level on April 26, 2024 at US$ 38.54. Halliburton has 867 249 984 shares outstanding. |