Halliburton, Baker Hughes call off merger

GMT 06:17 2016 Monday ,02 May

Arab Today, arab today Halliburton, Baker Hughes call off merger

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US oil services companies Halliburton and Baker Hughes have called off their proposed merger that had met resistance from American antitrust officials, a joint statement said Sunday.  

The deal, announced in November 2014, foresaw a $34.6 billion takeover by Halliburton of rival Baker Hughes, creating a powerful rival to global leader Schlumberger.    

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