EU delays decision on Halliburton merger with Baker Hughes

European Commission antitrust regulators have delayed their deadline for making a decision regarding the proposed merger between Halliburton and Baker Hughes, as the regulators await documentation related to the transaction, according to Reuters.

The European Commission will set a new deadline once the EU regulators receive the required information from the companies. The Commission's previous deadline was June 23.

To satisfy regulator concerns, Halliburton has stated that it is prepared to sell businesses with a combined 2013 revenue of $5.2 billion, but it has not yet made a formal proposal to the Commission.

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