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Is the Halliburton-Baker Hughes Deal Dead?

The DOJ has moved to block the $26 billion merger of Baker Hughes with Halliburton alleging that the transaction threatens to eliminate competition.

The Department of Justice has moved to block the $26 billion merger of Baker Hughes Inc. (BHI) with Halliburton Co. (HAL) - Get Report alleging that the transaction threatens to eliminate competition, raise prices, and reduce innovation in the oilfield services industry. The DOJ opposes the combination because it would combine two of the three largest oilfield services companies in a global market. The competition review of the merger has been extended in the European Union possibly until June. Halliburton had made several divestitures offers to appease regulators.

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