Halliburton entered into a definitive agreement to acquire all outstanding Baker Hughes shares in a stock and cash transaction valued at approximately USD 34.6 billion, translating to USD 78.62 per Baker Hughes share. Upon completion of the transaction, Baker Hughes stockholders will own approximately 36% of the combined company. Halliburton has agreed to pay a fee of USD 3.5 billion if the transaction terminates due to a failure to obtain required antitrust approvals. The transaction is expected to close in the second half of 2015.
Don't miss out on the latest technology delivered to your email weekly. Sign up for the JPT newsletter. If you are not logged in, you will receive a confirmation email that you will need to click on to confirm you want to receive the newsletter.