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It's Official: DoJ Will File Suit To Block Baker Hughes-Halliburton Merger

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Baker Hughes Incorporated NYSE:BHI, Halliburton Company NYSE:HAL - It's Official: DoJ Will File Suit To Block Baker Hughes-Halliburton Merger

Shares of Halliburton Company HAL 5.06% gained more than 5 percent Wednesday, while Baker Hughes Incorporated BHI 6.17% gained more than 6 percent after the U.S. Justice Department announced it will sue to block the merger between the two companies.

The Department of Justice alleges the proposed merger threatens to eliminate competition, raise prices and reduce innovation within the oilfield services industry...


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