There Would Be Very Many Willing Buyers For Any Asset We Wish To Sell: Halliburton's CEO

Whereas Baker Hughes Incorporated BHI stock skyrocketed on Monday when the news of it getting acquired by Halliburton Company HAL became public, Halliburton’s stock slumped drastically on concerns regarding the deal.

 

Halliburton’s CEO, David Lesar, was on CNBC on Tuesday to answer questions regarding the deal and address the concerns of the Austrian opposition to the deal.

 

“We did a big reach out yesterday after we made the announcement. We talked to almost all of our large customers, the feedback has been unanimous, it has been positive. National oil companies in particular, they see that a stronger, more developed organization can help them in a way that neither of us can standing on our own,” Lesar said.

 

Lesar reiterated that he hasn’t heard from any customer who didn’t like the deal of merger between Haliburton and Baker Hughes. He mentioned that as soon as the deal was announced his inbox was full with e-mails from private equity funds and companies, who want to possibly buy any of the assets that the two companies might be willing to dispose if the merger goes through. 

 

Lesar doesn’t feel that there would be many assets that Halliburton will be looking to sell post the merger. However, he acknowledged that there are a lot of buyers waiting to buy anything that the company would wish to sell.