I am puzzled too how bhi will separate the onshore & offshore assets of dcf. Will the regulators go by what's on paper or will they understand the specifics of the overlap.
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Been listening to this "the deal is a done deal" for how many months now? Peddle your papers somewhere else.
The deal is already complete. Hello Halliburton, bye bye Crackerhead.
They definitely have significant overlap. I assume they are going to sell the entire product line.
Just trying to sell the "offshore" part of drilling and completion fluids seems to me to be pretty darn difficult. I have no idea how they think they can sell off just that portion. The onshore and offshore parts overlap completely don't they? They don't use one set of products onshore and a different set of products onshore.
Halliburton is being very selective on what they are willing to give up. I still don't think it is enough. If you think mud services was holding this thing up you are wrong. The closer you all get to April 30th the less likely this will happen. Leaking out these little product lines is not going to be enough.
This news released by Bloomberg earlier.."Halliburton planning sale of Baker Hughes' offshore fluids unit".
The vp of dcf and meap plm moved to the integration team in the last few weeks, it makes sense. Got to protect the valuable assets.
Big Red will sell lock, stock and barrel. Bye Bye girls