Halliburton and Baker Hughes to scrap merger

• Autores: Kasia Patel
• Localización: Industrial Minerals, ISSN 0019-8544, Nº. 584, 2016 (Ejemplar dedicado a: Junio)
• Idioma: inglés
• Texto completo no disponible (Saber más ...)
• Resumen

  • Most recently, the DOJ filed a civil antitrust lawsuit at the start of April seeking to block Halliburton's $34.6bn purchase of Baker Hughes, saying that the transaction could eliminate competition, raise prices and threaten innovation in oilfield services. "There are some deals that are so risky and anticompetitive that they should never have made it out of the boardroom," Bill Baer, the Assistant Attorney General for the DOJ's Antitrust Division, said during a conference call. "This falls squarely in that category.

    "While disappointing, Halliburton remains strong," Halliburton's CEO, Dave Lesar, reassured its customers. "We are the execution company - our strategy, technologies and service quality are focused on helping customers maximise production at the lowest cost and driving industry leading growth, margins and returns."