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Why Deutsche Bank Is No Longer Buying Baker Hughes

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A number of media reports mentioned that the DoJ plans to sue to block the proposed merger of Baker Hughes Incorporated BHI 1.17% with Halliburton Company HAL 2.15%. The companies may opt for litigation to proceed with the transaction.

Baker Hughes Downgraded

Deutsche Bank’s Mike Urban downgraded the rating on the company from Buy to Hold, while slashing the price target from $43 to $78. The analyst said that while the merger with Halliburton has strong merits, there is now significant uncertainty around the closing of the deal.

“Against...


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