Halliburton, Baker Hughes Agree to Combine in $34.6 Billion Deal
Halliburton Acquisition of Baker Hughes Expected in 2015
Halliburton and Baker Hughes have reached a definitive deal under which Halliburton will acquire Baker Hughes in a stock and cash transaction. The deal has an equity value of $34.6 billion, $78.62 per Baker Hughes share, based on Halliburton’s closing price on Nov. 12. The transaction is expected to close in the second half of 2015.
“The transaction will combine the companies’ product and service capabilities to deliver an unsurpassed depth and breadth of solutions to our customers, creating a Houston-based global oilfield services champion, manufacturing and exporting technologies, and creating jobs and serving customers around the globe,” says Dave Lesar, chairman and CEO of Halliburton.