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Baker Hughes Set to Make Bank if Halliburton Deal Falls Through
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After the U.S. Department of Justice filed a lawsuit attempting to block the pending merger deal between Baker Hughes and Halliburton, Shale Experts CEO Rons Dixon discussed who would gain if the deal falls through.
"The company that stands to gain the most from this deal falling apart is Baker Hughes. As of year-end 2015, Baker Hughes reported $3.8 billion in long-term debt.
"Should the deal be cancelled, Halliburton would be required to pay Baker Hughes $3.5 billion, which could be used to retire the entirety of the company's debt load. This would make Baker Hughes the only debt-free 'top five' service company."
Click here to read the joint response to the lawsuit issued by Halliburton and Baker Hughes.
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