Halliburton and Baker Hughes terminate merger deal
Oil services firms Halliburton and Baker Hughes terminate their merger deal following concerns by regulators.
As reported by Reuters today, it oilfield services provider Halliburton and its smaller rival Baker Hughes have announced the termination of the large merger deal.
This follows news on strong opposition by regulators both in the U.S. and Europe over the past couple months.
This $28 billion merger deal would have brought together the no. 2 and no.3 oil services firms.
Question is how current low oil prices maybe also played into it.