DOJ Hands Halliburton, Baker Hughes Deal Grim Prognosis

摘要

THE COLOSSAL MERGER between Halliburton Co. and Baker Hughes Inc. is on the skids after the U.S. Department of Justice (DOJ) filed a civil lawsuit April 6 citing the deal's threat to oil and gas competition, prices and innovation. Some analysts predict the deal may not survive as U.S. and European Union officials look into it. Halliburton and Baker Hughes vowed to fight the suit, citing efforts to divest more than $7.5 billion in business lines. But Raymond James analyst J. Marshall Adkins said "at this point, we do not expect the deal to be completed."