Service & Supply | Oilfield Services | Deals - Acquisition, Mergers, Divestitures
With Merger on Ice, Halliburton, Baker Hughes Mull Sale of $7.0B in Assets
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With their $34.6B merger deal up in the air, service giants Halliburton and Baker Hughes are looking to sell off over $7.0 billion in assets in hopes that would be enough to secure antitrust approval, according to reports.
Private equity firm The Carlyle Group has emerged as a serious potential buyer.
The companies had already planned to cull their assets in September 2015, announcing plans to sell a number of their business units including:
Halliburton’s expandable liner hangers business, which is part of the company’s Completion & Production Division; Baker Hughes’ core completions business, which includes: packers, flow control tools, subsurface safety systems, intelligent well systems, permanent monitoring, sand control tools and sand control screens; the Baker Hughes sand control…- ✓ Full news archive — U.S., Canada & international coverage
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