Among the major oil processing companies in the United States, Halliburton Company (NYSE:HAL) and Baker Hughes Incorporated (NYSE:BHI) have agreed to join hands. Halliburton has put up an offer of $35 billion in both cash and shares of the company. However, the merger is likely to raise some antitrust issues considering the large market share…
Baker Hughes Incorporated (BHI) and Halliburton Company (HAL) Squabble Over Baker Hughes’ Board After Merger Talks Failed
The world’s third and second largest oilfield services company, Baker Hughes Incorporated (NYSE:BHI) and Halliburton Company (NYSE:HAL), are in a squabble over the former’s current board of directors after talks of Baker Hughes’ acquisition by Halliburton resulted in a standoff. According to Baker Hughes Incorporated (NYSE:BHI), Halliburton Company (NYSE:HAL) has plans of nominating candidates to…