likelihood Unfortunately is ... The planned divistutures will now be ruthlessly sold to ge nov and the like. This will hush value act for a while. And remember only the share price matters!! A lot more of us will be...let go due to cost reductions.. The cuts will be so deep company aint going function. Which means halliburton will pick up the work we cant do. Crackerhead and his team have held back in Cost reduction because of the Halliburton deal.. Now his super merger team need a job... They will become the hatchett men and salesmen to close and sell what they in their infinite widom think is surplus to requirements. As for the break up fee.. Halliburton aint going to just hand over $3.5 billion.. This will be contested.. ...what we can say for sure is even more troubling times ahead. GOOD LUCK ALL
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Bollocks, the announcement by Haliburton states explicitly that they will pay the fee 'by' Wednesday May 4, 2016. Read the official news announcement by David Lesar you twat.
Halliburton havent anounced they will pay up on the 4th. They will discuss how when if etc tuesday ......
According to the first quarter results the only segment still making an operational profit is MEAP. So everywhere else is at risk .
Hallibuton already announced the payment will be made on May 4.
GE will be the 'knight in shining armor' and buy BHI for about $18B
We are screwed. Only ones who will survive is the ones closest to breaking even . Bye bye completions
I agree ..Haliburton are not going to simply hand over $3.5billion. In the mean time BHI will be fragmented and sold off piecemeal.