Wednesday, February 10, 2016

Halliburton Said to Plan Sale of Baker's Offshore Fluids Unit - Bloomberg Business

Halliburton Said to Plan Sale of Baker's Offshore Fluids Unit - Bloomberg Business: "Almost 16 months after announcing its takeover of oilfield services rival Baker Hughes Inc., Halliburton Co. is adding yet more assets to the list of businesses it plans to sell to appease antitrust regulators who’ve been stalling the deal. Halliburton plans to divest Baker’s offshore drilling-and-completions fluids division and the bulk of Baker’s completion systems, according to people familiar with the matter. The units join two other batches of overlapping business lines that Halliburton has said it will sell to assuage the U.S. Department of Justice’s concerns that the deal will hurt competition."

'via Blog this'
There was an error in this gadget