Actionable news
All posts from Actionable news
Actionable news in HAL: HALLIBURTON COMPANY,

Halliburton-Baker Hughes Merger Said to Be Dead

The merger between Halliburton (HAL - Get Report) and Baker Hughes (BHI - Get Report) is dead, according to news reports Sunday evening.

Halliburton announced plans to acquire Baker Hughes on Nov. 17, 2014. If consummated, the merger would have combined the second- and third-largest oilfield services firms in the world after Schlumberger (SLB - Get Report) .

The cash-and-stock acquisition was worth originally about $35 billion, but its value has fallen to about $28 billion as shares of both companies have dropped since the announcement.

The Wall Street...