Halliburton/Baker Hughes (M.7477) [Archived]
Halliburton/Baker Hughes (M.7477) [Archived]

The following Competition practice note provides comprehensive and up to date legal information covering:

  • Halliburton/Baker Hughes (M.7477) [Archived]
  • Case facts
  • Timeline
  • Commentary

Halliburton/Baker Hughes (M.7477) [Archived]

CASE HUB

ARCHIVED–this archived case hub reflects the position at the date of the abandonment of the transaction on 2 May 2016; it is no longer maintained.

See further, timeline and commentary.

Case facts

OutlineEuropean Commission merger investigation into the planned acquisition by Halliburton of Baker Hughes (Case M.7477). The transaction involves horizontal overlaps in relation to the provision of oilfield services.

Latest developmentsOn 1 May 2016, the parties announced that they had abandoned the transaction and the notification was withdrawn on 2 May 2016.

PartiesHalliburton, a US company headquartered in Houston, Texas and listed on the New York Stock Exchange. Halliburton was founded in 1919 and is one of the largest providers of products and services to the energy industry in the world, with over 80,000 employees active in more than 80 countries.

Baker Hughes, a US company headquartered in Houston, Texas and listed on the New York Stock Exchange. Baker Hughes was formed through the merger of Baker International and Hughes Tool Company and is a leading supplier of oilfield services, products, technology and systems to the worldwide oil and natural gas industry, with over 46,000 employees active in more than 80 countries.

BackgroundUnder the transaction, which was agreed and announced on 17 November 2014, Halliburton will acquire all outstanding shares of Baker Hughes; by way

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