Market Overview

Report: U.S. Department Of Justice Giving Halliburton 'Trouble' Over Proposed Baker Hughes Acquisition


Halliburton Company (NYSE: HAL)'s $35 billion proposed takeover of Baker Hughes Incorporated (NYSE: BHI) has reached a "breaking point."

The New York Post, citing its "sources," stated that the U.S. Department of Justice is looking for Halliburton to sell additional assets it already pledged to ease the government's concerns. The company has already said it will divest assets that accounted for $7.5 billion in 2013 revenue.

The publication quoted a source who is "part of the negotiations" and said "I believe this ends in a DOJ suit. Another source added that while the business combination is expected to happen, the odds of doing so are "not greater than a 50-50 chance."

Finally, another source told the New York Post that Halliburton is in a position of weakness and potential buyers of its assets are in a "pretty good bargaining position."

Shares of both Halliburton and Baker Hughes showed no trades early Friday morning.

Posted-In: Baker Hughes Department of Justice halliburton Oil & Gas M&ANews Rumors Legal


Related Articles (BHI + HAL)

View Comments and Join the Discussion!
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at