U.S. Sues To Block Massive Oil Merger Between Halliburton And Baker Hughes

U.S. Sues To Block Massive Oil Merger Between Halliburton And Baker Hughes

The U.S. blocks merger between two of the largest oilfield companies in the world. “The proposed deal between Halliburton (HAL) and Baker Hughes (BHI) would eliminate vital competition.” Both companies operate in over 80 countries and last year earned almost $40 billion combined while employing more than 100,000 people.

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