Halliburton-Baker Hughes takeover proposals fail to win over DOJ

By Kasia Patel
Published: Wednesday, 16 December 2015

Despite offering to divest additional businesses and extending the review period twice, the DOJ’s Antitrust Division does not believe the proposals offered so far sufficiently address competition concerns.

Oilfield services providers Halliburton Co. and Baker Hughes Inc. have been informed by the Antitrust Division of the US Department of Justice (DOJ) that their takeover proposals do not go far enough to alleviate anticompetitive reservations.

As a result, the companies have had to once again extend the DOJ review...

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