Interesting that art soucy is now referring to the acquisition rather than the merger. Don't suppose he cares too much what he says at this point But interesting to see if the "merger" is referred to in any communication from now on. I think it's time art took his money and did one. Surely no one is buying into these pseudo-passionate speeches about how everything is amazing?
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Keep wiping your ass with pansies. It was a hostile takeover. HAL overthrew the baker board. The end. Craighead lied to save face and keep stock prices up until the deal finalized.
Hostile takeover folks!!
http://www.wsj.com/articles/oil-price-slump-spurs-halliburton-baker-hughes-talks-1416000634
ok this is not an acquisition it is a merger. in an acquisition the purchasing company gets the assets not the debt, that's why this is a merger because Hal is getting the debt along with everything else. Anonymous93348 shut up
To understand how you got here, you must understand the chain of events. In the early fall (google for exact dates) Halliburton solicited baker for a buy out. They declined based on price essentially. In the original offer, baker employees would have a 85% retention rate. Craighead stalled and wouldnt respond to our requests. The weeks before yalls (baker) annual stockholder meeting, things heated up between Dave Lesar and Craighead. Ultimately we (Halliburton)showed up to your annual stockholders meeting and dissmissed all Baker execs and informed them we bought all your outstanding stock. Aka: hostile takeover. You have been lied to. First it was Craigheads emails that stated the possible buyout was all "speculation" blah blah...Noone forseen the current market conditions. Every other spring we always see a dip in drilling. this is different. We are completely singlehandedly changing the face of the global oil economy. The top consumer of oil and gas is changing to one of the top producers. We also have a non export ban in effect right now. Vote! Write your congressman! Lets make the Saudis buy from us!
My Baker brothers, if you don't have an exit plan, find one immediately
To understand how you got here, you must understand the chain of events. In the early fall (google for exact dates) Halliburton solicited baker for a buy out. They declined based on price essentially. In the original offer, baker employees would have a 85% retention rate. Craighead stalled and wouldnt respond to our requests. The weeks before yalls (baker) annual stockholder meeting, things heated up between Dave Lesar and Craighead. Ultimately we (Halliburton)showed up to your annual stockholders meeting and dissmissed all Baker execs and informed them we bought all your outstanding stock. Aka: hostile takeover. You have been lied to. First it was Craigheads emails that stated the possible buyout was all "speculation" blah blah...Noone forseen the current market conditions. Every other spring we always see a dip in drilling. this is different. We are completely singlehandedly changing the face of the global oil economy. The top consumer of oil and gas is changing to one of the top producers. We also have a non export ban in effect right now. Vote! Write your congressman! Lets make the Saudis buy from us!
My Baker brothers, if you don't have an exit plan, find one immediately
Yup. You Baker idiots can't tell the difference between a merger or an acquisition. BJ was a merger you all called and treated like an acquisition....this is a buy out that you keep referring to as a merger.
Had the merger actually been treated as a merger we wouldn't be hear.
Art Soucy will receive a $11+ million golden parachute and will be terminated at the effective date of close.
Your life, your job, my life, my job.
What did Art mess up?
98% of employees voted in favour of the acquisition. Really? Did employees get to vote? I must have missed that one. Not all employees own shares... How did this guy get this job again?
HAL was but baker were not. It's amusing to see this change from our stand point. Would laugh to see Art lose his compensation for the monumental f*** up he took responsibility for.
Art Soucy is so full of it, THE ONLY thing he cares and is truly enthusiastic about is the overall health of his bank accounts. Do not listen to him or other execs. BTW, it was always an acquisition, never a merger. HAL was explicit about this throughout.