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Halliburton-Baker Hughes Deal Is Off as Government Eyes Big Business

Halliburton's merger with Baker Hughes is dead after the DOJ ramped-up efforts to block the deal in a lawsuit filed last month.
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Halliburton's (HAL) - Get Halliburton Company (HAL) Report merger with Baker Hughes (BHI) is dead, the companies said on Sunday, after the Department of Justice ramped-up efforts to block the deal in a lawsuit filed last month. The deal was previously valued at $35 billion. David Nelson, chief strategist at Belpointe Asset Management, said Halliburton is the company he'd rather own of the two oil field services giants. TheStreet's Scott Gamm reports from Wall Street.

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