Halliburton (NYSE: HAL) has certified compliance with the US Department of Justice’s (DOJ’s) request for additional information (second request). Baker Hughes (NYSE: BHI) previously certified compliance with its second request on July 14.
The companies each received second requests from the DOJ in February 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, as amended. Both Halliburton and Baker Hughes continue to work with the DOJ on the investigation.
Halliburton also confirmed that the company’s Form CO, the standard notification form required for merger approval by the European Commission, was filed on July 23. On July 31, Halliburton received notice from the Commission requesting additional information in a few discrete areas. The Commission considers this information necessary to complete the Form CO. Halliburton will work with the Commission to provide this additional information in the near future. This will then start the formal review process.
Halliburton is fully committed to a target of closing the acquisition in late 2015, though the acquisition agreement provides that the closing can be extended into 2016, if necessary.