Merger terminated: File picture shows a Halliburton facility in Port Fourchon, Louisiana. The termination of the merger between Halliburton and Baker Hughes is the latest example of a large merger deal failing to make it to the finish line because of antitrust hurdles. – AFP
Opposition from antitrust regulators led to the move
NEW YORK: Oilfield services provider Halliburton Co and smaller rival Baker Hughes Inc announced the termination of their US$28bil merger deal after opposition from US and European antitrust regulators.
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