| Halliburton receives 2nd gov't request on Baker Hughes deal | |
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NEW YORK (AP) -- Halliburton received a second request for information from the U.S. Department of Justice regarding its $34.6 billion, proposed acquisition of rival oilfield services company Baker Hughes.
Both companies received the requests last month, which are related to the Hart-Scott-Rodino Antitrust Improvements Act of 1976, Halliburton said Monday.
Halliburton announced it would buy Baker Hughes Inc. in November with oil prices plummeting fast.
Crude prices are down more than 50 percent in the past year and that has put intense pressure on oilfield service companies. Major drillers typically press oilfield service companies on contracts when their margins come under pressure.
But Halliburton and Baker Hughes also want to grow larger so they can better compete on a global scale.
Both companies are based in Houston.
The deal is still expected to close later this year, Halliburton said Monday, but the agreement between the two allows or a close as late as next year, if necessary.
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Halliburton is a and oil producing company based in United states of america. Halliburton is listed in United States of America. Its market capitalisation is US$ 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. |