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Here's How Baker Hughes Will Benefit From A Merger It Never Wanted In The First Place
Monday, May 2, 2016 - 2:10pm | 255Read More...Shares of Baker Hughes Incorporated (NYSE: BHI) were trading lower by around 4 percent early Monday afternoon, even though the company stands to collect $3.5 billion after its mega-merger with Halliburton Company (NYSE: HAL) was called off. Carl Weinberg, High Frequency Economics' chief economist,...
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Halliburton Cites Regulatory Approvals, Industry Challenges In Terminating Baker Hughes Merger
Monday, May 2, 2016 - 8:10am | 436Read More...Halliburton Company (NYSE: HAL) and Baker Hughes Incorporated (NYSE: BHI) announced over the weekend that the companies have terminated their proposed merger agreement, which was proposed back in November 2014. Halliburton proposed to acquire Baker Hughes in a transaction valued at $28 billion....
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Oil's Rise Lifts Energy M&A Hopes
Tuesday, March 15, 2016 - 2:46pm | 1095Read More...Expectations of heightened deal-making among energy companies this year hasn’t exactly come to pass, but a resurgence in oil prices appears to have convinced investors that activity may shift into gear. Two large companies in the sector may have just signaled the thaw. Late last week, The...
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Schlumberger Will Gain Unconditional EU Approval To Merge With Cameron, New Report Says
Monday, January 25, 2016 - 9:10am | 138Read More...According to Reuters, Schlumberger Limited. (NYSE: SLB) is expected to receive unconditional European Union approval for its proposed $14.8 billion acquisition of Cameron International Corporation (NYSE: CAM). Reuters, citing "two people familiar with the matter," reported on Monday...
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Oilfield Services In 'Survival Mode'
Friday, November 6, 2015 - 2:27pm | 510Read More...Oilfield service companies are "slashing costs," and "no cut is too small," The Wall Street Journal reported. Oilfield service companies are looking to reduce costs anywhere and everywhere, even by changing the color of paint on underwater equipment. The industry as a whole has seen tens of...
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Fitch Thinks Shell-BG Merger Could Set Off M&A 'Wave'
Thursday, April 9, 2015 - 9:44pm | 293Read More...Royal Dutch Shell plc (ADR) (NYSE:RDS.A) $70 billion deal to buy BG Group plc (ADR) (OTC: BRGYY) may set off a spate of mergers in the oil patch, Fitch Ratings said Thursday. "Shell's competitors are likely to also look for partners, so they are not at a disadvantage when the cycle...
