Halliburton buys Baker Hughes to create oilfield services champion

By Kasia Patel
Published: Thursday, 27 November 2014

Both to operate under one large Houston-based company

Halliburton will buy Baker Hughes Inc. for $34.6bn to create a combined Houston-based global oilfield services provider.

Both companies, which are leading producers and providers of oilfield minerals including bentonite and barite (barytes), entered into a definitive agreement in November under which Halliburton will acquire all the outstanding shares...

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