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re: Per Bloomberg: Halliburton and Baker Hughes deal is OFF

Posted on 5/2/16 at 10:55 am to
Posted by TexasTiger90
Rocky Mountain High
Member since Jul 2014
3576 posts
Posted on 5/2/16 at 10:55 am to
Did they really think creating a duopoly between Schlumberger and Halliburton wouldn't raise some eyebrows in the Antitrust circle?
Posted by Strannix
District 11
Member since Dec 2012
48999 posts
Posted on 5/2/16 at 11:07 am to
They expanded with the distinct vision of oil never being under 100 a barrel and gas at 10.00 MCF, they both built huge new expansions in Shreveport/Bossier
Posted by slackster
Houston
Member since Mar 2009
85115 posts
Posted on 5/2/16 at 12:25 pm to
quote:

Did they really think creating a duopoly between Schlumberger and Halliburton wouldn't raise some eyebrows in the Antitrust circle?


Well sure, but it isn't exactly fair to say Halliburton cannot be as big as Schlumberger just because they got big first. Assuming that was a hurdle for the deal, it sucks the DOJ penalized Halliburton because of Schlumberger.
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