As per HAL and BHI sources, it's a done deal. Let's see....
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Either way, HAL and BHI are up the creek!
Even if the merger IS approved by the DoJ the deal still requires EU approval early next year (no rubber stamp and with stock price floundering).
...but if the answer is a definitive NO then HAL has to sell assets to cover the $3.5billion penalty ...and no one will be buying with oil price at $36 (even at fire sale prices).
BHI won't get it's cash and with no oilfield work will be forced to cut-and-cut until there is no BHI left...
If there is any justice in this world we will hopefully see management INCOMPETENCE and GREED finally getting its just deserts..! Merry Christmas Jeff Ubben ...may Santa give you the present you so richly deserve...
''Halliburton (HAL -1.2%) CFO Christian Garcia has told investors in private meetings that the company would not agree to any Department of Justice request to extend a review of its deal to acquire Baker Hughes (BHI -5.7%) without clear instructions on what it needs to divest to win approval, NY Post reports; such a move would mean the DoJ likely would be forced to either clear the deal or file a lawsuit to block it.''
Have hal sold any of the asset doj wants to diversify? If not, go figure