Guys the merger is over! They only playing it out because no one wants to lose face. It's not going to happen. Also as you should know the DOJ has officially announced that the only way the merger will happen is if only 1 PARTY buys everything thats for sale. IT CANT be BROKEN into pieces and sold. Also the EU has already announced they are not in favor of the merger and is only delaying it until LIL RED and LIL Blue are both broken and it won't be long before that happens and SLB controls the EU. LIL Red is in worse shape than LIL Blue. I see guys in here from BHI and Hall want this to go through so bad and for the life of me i can't see why! Well i will tell you why! First off if the merger fails Hall and BHI will be in so bad of shape they will be lucky to survive this. BHI will not make it. If Hall makes it they will be the size of a mom and pop operation and have to start all over. Now if GE ends up buying all PL's that is for sale between both sides that will be great and i look forward to working with them.. TBH Hall will never be the same company it was and won't recover to the state it once was. It will be bought sooner or later by a mom or pop of larger scale. For all the ones that say the reason that BHI is broken is because BHI let their management take over, well if you really want to know BJ cooked the books before the were even looked at. Yes maybe their managers ( only some because i knew almost all) knew the job. I do feel they should of been a team more and get through it. BHI could of taken it all. So basically BHI ( including my self ) are just the crutch that will help the crippled LIL Red try and survive the down turn. But i do want to say good luck to both colors. We all have families that depend on us. I hope some home we all pull out of this and everyone is okay. Have a nice day
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From personal interpretation of what is happening in BHI and HAL, I am leaning toward the side of the merger going through but cannot be sure. As an investor, this has significant implications on buying or selling short, and on call or put options. Any non-trivial thoughts?
LMAO. MERGER IS DONE. THE DEAL IS DONE. GE HAS WON. THEY HAVE THE MOST MONEY ... IN AUCTIONS, THAT USUALLY MEANS WHOEVER THAT PARTY IS...WINS! GE IS THE ONLY HOPE FOR A THIRD BONAFIDE O&G COMPETITOR. IF NOT GE, WHO??? SIEMENS MAYBE...NABORS NOPE....WTF WTF! IN THESE TIMES, THE SIX SIGMA (LEAN) COMPANIES WILL SURVIVE. HENCE, GE WILL PREVAIL. BUT SHORTLY AFTER THE VICTORY CHEER THERE WILL COME ABOTHER TRIMMING! A COST CUTTING SPREE, A PINK SLIP PARADE FOR THE NEWLY ACUIRED. BE PREPARED. THE NEXT 18 MONTHS WILL SUCH.
GE is the likely the buyer.
It's reported in a few news sites. I think it was the new york post and Bloomberg. It's out there.Search anything related to the merger and GE. I also heard today that Caterpillar was another company that is bidding. Siemens and N.O.V are other interested buyers. Having said that, I also read an article where Halliburton said that it was not mentioned to them anything about a request from the D.O.J. that they must have a single buyer. I just keep searching for information. God knows they won't say a thing at work about it.
Halliburton was a real and ethical company when it flew the Flying H.
Look back to when the Flying H came down. And up today .....
How many news articles on graft corruption lawsuits. Fines.
This is not the company Erle.P.Halliburton. founded.
In fact if it was possible I would venture to say he would do his best to remove his good name from the company.
The story has been reported in a couple of trading/investment magazines, but has not appeared in the national press. I would presume that any correspondence between HAL, BHI and the DOJ is strictly confidential especially something like this that would have investors running for the exits.
Part of me wants to see it fail because of the inept high level leadership at BHI, but I also don't want to see people suffer, as they certainly would if BHI stock falls to ~$15. The Wall Street financials indicate that BHI is currently over-priced by a factor of four. The other question is "who would be prepared to spend $7.5billion in the current economic climate?" Current executive stock trades will indicate which way the wind is blowing..!
Some say the 1 party buyer is a myth, what proof do you, or anyone for that matter, have? It showed up on a single newspaper in a vague article then disappeared. I would think something as huge as this would be everywhere; CNN, OilPro, Drudge?, certainly more than a single newspaper weeks ago, and never heard from again. Again what proof do you have of a single party buyer?