Halliburton Certifies Substantial Compliance With DoJ Second Request
Halliburton Company today announced that it has certified substantial compliance with the United States Department of Justice’s (DOJ) request for additional information (second request). Baker Hughes Incorporated (NYSE: BHI) previously certified substantial compliance with its second request on July 14, 2015. The companies each received second requests from the DOJ …
Baker Hughes: Q2 Results – Revenue $4bn Down 33% yoy
Baker Hughes Incorporated (NYSE: BHI) announced today results for the second quarter of 2015. – Revenue of $4 billion for the quarter, down 33% year-over-year – GAAP net loss per diluted share of $0.43 for the quarter, includes adjusting items of $0.29 per diluted share – Free cash flow for …
Halliburton: Baker Hughes Acquisition – Working with Antitrust Bodies
Halliburton Company and Baker Hughes Incorporated today announced that they have entered into a timing agreement with the Antitrust Division of the U.S. Department of Justice (DOJ) pursuant to which both companies have agreed to extend the period for the DOJ’s review of Halliburton’s previously announced acquisition of Baker Hughes …
Aker Solutions and Baker Hughes to Cooperate on Early-Phase Oil and Gas Studies
Aker Solutions and Baker Hughes agreed to cooperate on early-phase studies to help customers improve the overall economics and value of oil and gas field developments. Aker Solutions and Baker Hughes to Cooperate on Early-Phase Oil and Gas Studies Aker Solutions’ Front End Spectrum unit and Baker Hughes’ Reservoir Development …
Baker Hughes Declares Quarterly Dividend
Baker Hughes Incorporated Chairman and Chief Executive Officer Martin S. Craighead announced today that the Baker Hughes Board of Directors declared the regular quarterly cash dividend of $0.17 per share of common stock payable June 24, 2015 to holders of record on June 3, 2015. Source
Baker Hughes: Q1 Results: 20% Decline in Revenue
Baker Hughes Incorporated (NYSE: BHI) announced today results for the first quarter of 2015. – 20% decline in revenue compared to the first quarter of 2014 attributed to unfavorable market conditions. – GAAP net loss per diluted share of $1.35 for the quarter includes $557 million, or $1.28 per diluted …
Halliburton: To Sell Off Drill Bits, Directional Drilling and MWD/LWD Business Lines as Part of Baker Hughes Merger
Halliburton Company announced it will separately market for sale the company’s Fixed Cutter and Roller Cone Drill Bits, Directional Drilling and Logging-While-Drilling (LWD)/Measurement-While-Drilling (MWD) businesses. The final sale of these businesses will not be completed until we have reached acceptable terms and conditions negotiated by Halliburton, the approval of Halliburton’s Board …
Halliburton and Baker Hughes Merger Receives Shareholder Approval
Halliburton Company today announced that its stockholders approved Halliburton’s proposal to issue shares of Halliburton common stock as contemplated by its merger agreement with Baker Hughes Incorporated. In addition, Baker Hughes today announced that its stockholders adopted the merger agreement and thereby approved the proposed combination of the two companies. …
Halliburton and Baker Hughes Reach Agreement to Combine in Stock and Cash Transaction Valued at $34.6 Billion
Halliburton Company and Baker Hughes Incorporated today announced a definitive agreement under which Halliburton will acquire all the outstanding shares of Baker Hughes in a stock and cash transaction. The transaction is valued at $78.62 per Baker Hughesshare, representing an equity value of $34.6 billion and enterprise value of $38.0 …
Halliburton Seeking to Replace Baker Hughes Board after Merger Negotiations Stalled
Oilfield services provider Halliburton Co is seeking to replace the board of smaller peer Baker Hughes Inc, as merger talks between the companies stalled. Baker Hughes said late on Friday that it had rejected Halliburton’s initial proposal, which was made more than a month ago, in a deal that would …