"3M will be purchasing the pressure pumping division of Baker Hughes." A close source to the company's CFO said late Monday night. According to a new financial report as investigated by Forbes in the late hours, Rachel Sams claimed, "This will be quite a divestiture from our normal operations." And at the same time also expected "...to find ourselves in a landscape with potential for future growth." When asked what this meant for current employees and families in the oil and gas industry she wanted them to know, "We are invested in a company that has a past, a present, and a future." While speculation into the $889 million dollar deal brings about some uncertainty, it does seem 3M has made a wise investment. Many industry experts believed the division to be sold to the likes of Seimans or General Electric for almost double the price 3M negotiated. What shocked executives is how it was largely done so with retaining resources and land without sacrificing current employees. 3M and Baker Hughes will be releasing specifics in the coming days.
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The article is correct they advised employees about this 5 days ago. A meeting will be held with employees about any coming changes.
Forbes would never spell Siemens wrong like the OP has so I don't believe this report at all. BHI will just keep hold of it and pour more cash into keeping a dead duck afloat.
This article gives me wood .
b---s---
Keane will not purchase BHI . PP cannot find a buyer today as we speak . To many fragments, failing operations and processes . PP is really in a poor shape .
Obviously a fake by the OP. I second the Keane theory. That wouldn't surprise me at all.
Minnesota Mining and Manufacturing Company
They do a lot of mining , surface and deep so sounds like a good fit.
How much will Crackerhead pocket and how many more TARDS will he hire?
Post a link
It's really Keane that is buying pp.
Wow I guess anything is possible.
3M. ?