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Started By
Message
Done Deal...Halliburton buys Baker Hughes for $34.6B
Posted on 11/17/14 at 6:48 am
Posted on 11/17/14 at 6:48 am
LINK
quote:
Halliburton is buying Baker Hughes for $34.6 billion, the company has announced.
The deal is at $78.62/share — based on Halliburton's closing on Nov. 12. — and the equity value of deal is $34.6 billion.
On Friday, Halliburton moved to overthrow the board of Baker Hughers after negotiations hit a snag.
3
Posted on 11/17/14 at 7:01 am to The Egg
Things are about to get busy. Will be interesting to see what gets sold and spun off to make this work.
This post was edited on 11/17/14 at 7:16 am
Posted on 11/17/14 at 8:02 am to The Egg
Wow
Posted on 11/17/14 at 8:16 am to The Egg
I couldn't believe it when I heard about it last week.
Reads more like a hostile takeover to me.
Reads more like a hostile takeover to me.
Posted on 11/17/14 at 8:19 am to DeathValley85
Pretty sure it was confirmed as a hostile takeover after negotiations stalled
Posted on 11/17/14 at 8:22 am to TigerTatorTots
quote:
Pretty sure it was confirmed as a hostile takeover after negotiations stalled
Ah, then there it is.
One thing I thought was crazy is that AFTER this buyout the company will only be half the size of Schlumberger still.
I knew Schlumberger was big....but not THAT big in comparison to these two.
Posted on 11/17/14 at 8:27 am to DeathValley85
I think this is a big step at Halliburton chipping away at SLB. This may run SLB out of the gulf eventually. Plus this gives both companies an advantage to start building a larger presence throughout the world to start taking some market share.
Posted on 11/17/14 at 8:32 am to DeathValley85
They have to spin off a ton of assets to allow the deal to happen. If they combined with all assets, they would have more employees than SLB by about 15,000.
Posted on 11/17/14 at 8:32 am to DeathValley85
(no message)
This post was edited on 11/17/14 at 8:35 am
Posted on 11/17/14 at 8:32 am to KG6
Where is SLB in the gulf anyways? I've only seen like TCP by SLB out there.. where else are they?
Posted on 11/17/14 at 8:51 am to DeathValley85
quote:
One thing I thought was crazy is that AFTER this buyout the company will only be half the size of Schlumberger still.
No it won't, it will be pretty close to the same size.
HAL has 7 billion set aside to carve out if needed. Which they will, the DOJ will have a field day with this.
Posted on 11/17/14 at 9:27 am to b-rab2
Slb does lots of directional drilling and logging in the gulf
Posted on 11/17/14 at 9:39 am to TheIndulger
ahh
Posted on 11/17/14 at 9:41 am to TheIndulger
quote:
Slb does lots of directional drilling and logging in the gulf
Yeah they pretty much own Chevron deepwater work in this dept and their wireline division is used by everyone in deepwater.
Posted on 11/17/14 at 9:41 am to barry
quote:
No it won't, it will be pretty close to the same size
Are you sure about that??
Market Caps:
HAL: 43 bil
BHI: 23 bil
SLB: 123 bil
Posted on 11/17/14 at 9:54 am to b-rab2
Is market cap the determining factor on the size of a company?
Posted on 11/17/14 at 10:03 am to Mr.Perfect
quote:
Is market cap the determining factor on the size of a company?
Yes.
Posted on 11/17/14 at 10:07 am to Mr.Perfect
quote:
Is market cap the determining factor on the size of a company?
Not to me. Market cap just puts a value on a company. Size is employees and geographic reach.
Posted on 11/17/14 at 10:13 am to LSUChamp06
Isn't market cap just the value of outstanding shares- is that shares available to the public or total shares, including shares owned by management and partners?
Posted on 11/17/14 at 10:21 am to Mr.Perfect
quote:It's one of the ways to assess a company's size and can only be used in measuring publicly traded companies. Privately held businesses don't have a market cap and some of those are pretty large in all other respects, such as revenues, locations, market share, # of employees, etc.
Is market cap the determining factor on the size of a company?
Probably a better way to describe market cap is it determines the market "value" of a company rather than its size.
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