Government & Regulatory | Service & Supply | Oilfield Services | Deals - Acquisition, Mergers, Divestitures
DOJ Review of Halliburton, Baker Hughes Deal Extended
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Halliburton Company and Baker Hughes Incorporated announced that they have entered into a timing agreement with the Antitrust Division of the U.S. Department of Justice (DOJ) pursuant to which both companies have agreed to extend the period for the DOJ’s review of Halliburton’s previously announced acquisition of Baker Hughes to the later of November 25, 2015 or 90 days after both companies have certified substantial compliance with the DOJ’s second request.
Both Halliburton and Baker Hughes expect to certify substantial compliance with the DOJ’s second requests, issued to each company, by mid-summer. Timing agreements are often entered into in connection with large, complex transactions, and provide the DOJ additional time to review responses to its second requests. In light of the…
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