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Don't Forget, Baker Hughes Will Have $5 Billion In Cash By This Fall And Could Buy Back Stock

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Baker Hughes Incorporated NYSE:BHI, Halliburton Company NYSE:HAL - Don't Forget, Baker Hughes Will Have $5 Billion In Cash By This Fall And Could Buy Back Stock

A Citi analyst said there is more than 50/50 chance of approval of Baker Hughes Incorporated BHI 8.89%'s $35 billion merger with Halliburton Company HAL 6.72% and Baker would have "plenty of cash to reboot the organization" if the deal is broken.

A recent New York Post report said Halliburton is "making a last-ditch bid" to save the deal. Baker stock dropped about 5 percent on the report that the DoJ will likely block...


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