npr.org – Halliburton, the world’s second-biggest oilfield services company, said today it is buying Baker Hughes, the world’s No. 3 oilfield services provider, for $34.6 billion. Bloomberg reports: “With the agreement, Halliburton eliminates a chief rival and expands its business portfolio and reach at a time when falling oil prices have pushed the industry into a downturn. The merger will likely draw intense antitrust scrutiny, especially where North America businesses overlap.
Halliburton To Buy Baker Hughes For $34.6 Billion