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U.S. Justice Department blocking Halliburton and Baker Hughes merger

Halliburton Booth at the Indonesia Intl. Geothermal Conference 2015 (source: ThinkGeoEnergy)
Alexander Richter 7 Apr 2016

The planned merger between Halliburton and Baker Hughes seems to face a huge hurdle, with the U.S. Justice Department preparing a lawsuit against the merger.

The huge merger of oil service firms Halliburton Co. and Baker Hughes Inc. made the headlines in 2014, as we reported in November that year.

According to the Wall Street Journal now reports that the U.S. Justice Department is now preparing to file a lawsuit to block the proposed merger between the two companies.

We will follow up if we hear more.

 

Source: Wall Street Journal