DOJ requests additional information about Halliburton acquisition of Baker Hughes

Offshore staff

HOUSTON – Halliburton Co. (NYSE: HAL) and Baker Hughes Inc. (NYSE: BHI) have each received a request for additional information from the United States Department of Justice  in connection with Halliburton’s pending acquisition of Baker Hughes.

The second requests were issued under the notification requirements of the Hart-Scott-Rodino Antitrust Improvements Act of 1976, are a standard part of the regulatory review process by the DOJ, and were expected said Halliburton and Baker Hughes.

The effect is to extend the waiting period imposed by the HSR Act until 30 days after Halliburton and Baker Hughes have substantially complied with the requests, unless that period is extended voluntarily by both parties or terminated sooner by the DOJ.

Halliburton and Baker Hughes said they are working cooperatively with DOJ as it conducts its review of the transaction, which remains subject to shareholder and other approvals, as well as customary closing conditions.

02/11/2015

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