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Started By
Message
Oil field news: U.S. sues to block Halliburton-Baker Hughes deal
Posted on 4/6/16 at 1:32 pm
Posted on 4/6/16 at 1:32 pm
LINK
quote:
The U.S. government filed a lawsuit on Wednesday to stop Halliburton Co (HAL.N) from buying Baker Hughes Inc (BHI.N), arguing the combination of the No. 2 and No. 3 oil services companies would lead to higher prices in the sector.
The move, which comes after months of talks on divestitures of some overlapping businesses, significantly cuts the chances of the deal going through, although Halliburton said it would "vigorously contest" the lawsuit.
The Justice Department said the merger, valued at $35 billion when it was first announced in November 2014, would leave only two dominant suppliers in 20 business lines in the global well drilling and oil construction services industry, with Schlumberger NV (SLB.N) being one of the two.
6
Posted on 4/6/16 at 1:33 pm to DoUrden
Truck nut prices will skyrocket as a result.
That's what it's really all about. Truck nuts.
That's what it's really all about. Truck nuts.
Posted on 4/6/16 at 1:35 pm to DoUrden
The government sues to keep from creating Oil Field Service giants, but forced big banks to combine after they were already too powerful. Gotcha.
Posted on 4/6/16 at 1:38 pm to DoUrden
Does this mean that the baws can go back to work so that Jody can get back to plowing their wives?
Posted on 4/6/16 at 1:41 pm to undrafted
combine HAL and BHI and they would still be short of Schlumberger's Market Cap
the market cant bear higher prices anyway
the market cant bear higher prices anyway
Posted on 4/6/16 at 1:45 pm to Horsemeat
quote:
Does this mean that the baws can go back to work so that Randy can get back to plowing their wives?
FIFY
Posted on 4/6/16 at 1:49 pm to BRgetthenet
quote:
Truck nut prices will skyrocket as a result.
This shite is getting SO OLD. The first 500 times it was almost funny. The last 10,000 times have just sucked.
Posted on 4/6/16 at 1:52 pm to Tiger Ree
quote:
This shite is getting SO OLD. The first 500 times it was almost funny. The last 10,000 times have just sucked.
Don't get your truck nuts rustled, baw.
Posted on 4/6/16 at 1:54 pm to DoUrden
SLB would only trail HALN by a billion or so if the merger happened.
Posted on 4/6/16 at 1:55 pm to BigPerm30
quote:
Posted by Message BigPerm30 Oil field news: U.S. sues to block Halliburton-Baker Hughes deal quote: Does this mean that the baws can go back to work so that Randy can get back to plowing their wives? FIFY
No you didn't fix it.
Posted on 4/6/16 at 1:56 pm to TheDeathValley
Not true, Hal would still be behind SLB (unless SLB has recently been devalued due to this market).
Posted on 4/6/16 at 2:00 pm to TheDeathValley
Halliburton would still be behind Schlumberger by a pretty healthy amount
I believe it was about half the market share of Schlumberger if they merged
I believe it was about half the market share of Schlumberger if they merged
This post was edited on 4/6/16 at 2:02 pm
Posted on 4/6/16 at 2:05 pm to DoUrden
But Bernie Sanders told me having fewer choices is better for everyone.
Posted on 4/6/16 at 2:14 pm to DoUrden
No more inversions either.
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