Activist investment firm ValueAct on Tuesday agreed to pay a record $11 million to the U.S. Justice Department to settle allegations that it attempted to influence the Baker Hughes Inc. and Halliburton Co. merger, which has since been canceled.
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Articles from Baker
North America ‘Coming Off’ Bottom but Recovery Shaky, Says Halliburton CFO
North America’s oil and gas industry is “coming off the bottom,” but the recovery is unlikely to be a straight line, Halliburton Co.’s financial chief said Tuesday.
June 22, 2016
Moody’s Downgrades Baker Hughes, Halliburton
One month after scuttling their planned merger, Baker Hughes Inc. and Halliburton Co. were dealt another setback on Friday after Moody’s Investors Service downgraded their credit ratings.
June 7, 2016
Baker Hughes Evolving Beyond ‘Pumping Just Sand and Slickwater’
The idea of Baker Hughes Inc. shrinking its global footprint isn’t exactly the image that CEO Martin Craighead tried to convey on Tuesday in a business update, but one thing was clear: U.S. fracture jobs are no longer a priority.
May 4, 2016
Baker Hughes Evolving Beyond ‘Pumping Just Sand and Slickwater’
The idea of Baker Hughes Inc. shrinking its global footprint isn’t exactly the image that CEO Martin Craighead tried to convey on Tuesday in a business update, but one thing was clear: U.S. fracture jobs are no longer a priority.
May 4, 2016
Halliburton, Baker Nix Merger; Baker to Reduce U.S. Pressure Pumping Business
Halliburton Co. and Baker Hughes Inc. terminated their merger agreement on Sunday, ending an 18-month saga in which U.S. and European regulators challenged the multi-billion dollar tie-up.
May 2, 2016
Baker Hughes Reduces U.S. Onshore Footprint as Halliburton Merger Falters
Baker Hughes Inc. said Monday it plans to reduce its U.S. onshore pressure pumping business one day after its multi-billion dollar merger with Halliburton Co. was scuttled.
May 2, 2016
Halliburton, Baker Nix Merger; Baker to Reduce U.S. Pressure Pumping Business
Halliburton Co. and Baker Hughes Inc. terminated their merger agreement on Sunday, ending an 18-month saga in which U.S. and European regulators challenged the multi-billion dollar tie-up.
May 2, 2016
Baker Hughes Reduces U.S. Onshore Footprint as Halliburton Merger Falters
Baker Hughes Inc. said Monday it plans to reduce its U.S. onshore pressure pumping business one day after its multi-billion dollar merger with Halliburton Co. was scuttled.
May 2, 2016
Baker Hughes Forecasting 30% Plunge in North American Rig Count Before Stabilizing
Baker Hughes Inc. expects the North American rig count will “begin to stabilize” in the second half of this year, but things are expected to get worse before they get better, CEO Martin Craighead said Wednesday.
April 27, 2016
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