Halliburton-Baker Hughes merger blocked by DOJ lawsuit

By Kasia Patel
Published: Monday, 25 April 2016

Takeover “risky, piecemeal and vague” Too many overlaps and competition issues Halliburton and Baker Hughes plan appeal

The US Department of Justice (DOJ) filed a civil antitrust lawsuit in April seeking to block Halliburton Co.’s proposed takeover of Baker Hughes Inc., saying that the transaction could eliminate competition, raise prices and threaten innovation in oilfield services.

During a media call discussing the reasons behind the lawsuit,...

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