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Prospectuses and communications, business combinations

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Filing pursuant to Rule 425 under the

Securities Act of 1933, as amended

Deemed filed under Rule 14a-12 under the

Securities Exchange Act of 1934, as amended

Filer: Baker Hughes Incorporated

Subject Company: Baker Hughes Incorporated

Commission File No.: 001-09397

The following letter was sent by Baker Hughes to certain of its customers.

Dear Valued Customer:

Halliburton and Baker Hughes have announced they intend to vigorously contest the U.S. Department of Justice's (DOJ) effort to block their pending merger. The companies believe that the DOJ has reached the wrong conclusion in its assessment of the transaction and that its action is counterproductive, especially given the challenges the energy industry is experiencing. Halliburton and Baker Hughes continue to work through other pending regulatory reviews while contesting the DOJ’s action in court.

Both companies believe the merger is pro-competitive and good for our customers. The transaction combines Baker Hughes’ and Halliburton’s complementary strengths and will allow customers to benefit from a more flexible, innovative and efficient oilfield services company focused on reducing the cost of production. These benefits would be important at any time but especially now, during this period of low oil and gas prices.

It is important to note that Baker Hughes and Halliburton continue to operate and compete as separate companies until the deal closes. As the companies work to resolve the dispute in court, I want to assure you that the Baker Hughes commitment to superior service quality and safe, environmentally responsible operations is unwavering, and our employees remain dedicated to consistently and efficiently meeting your needs.

We will continue to update you on our progress, as appropriate. If you have any questions, please let me know.

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Important Information For Investors And Stockholders

This communication does not constitute an offer to buy or sell or the solicitation of an offer to buy or sell any securities or a solicitation of any vote or approval. This communication relates to a proposed business combination between Baker Hughes Incorporated (“ Baker Hughes ”) and Halliburton Company (“ Halliburton ”). In connection with this proposed business combination, Halliburton has filed with the Securities and Exchange Commission (the “ SEC ”) a registration statement on Form S-4, including Amendments No. 1 and 2 thereto, and a definitive joint proxy statement/prospectus of Baker Hughes and Halliburton and other documents related to the proposed transaction. The registration statement was declared effective by the SEC on February 17, 2015 and the definitive proxy statement/prospectus has been mailed to stockholders of Baker Hughes and Halliburton. INVESTORS AND SECURITY HOLDERS OF BAKER HUGHES AND HALLIBURTON ARE URGED TO READ THE JOINT PROXY STATEMENT/PROSPECTUS AND...


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