Halliburton buys Baker Hughes

摘要

Megamerger sees Halliburton and Baker Hughes combine in paper and cash transaction valued at S34.6 billion, putting a S78.62 per share valuation of BHI at the time of the deal. While the release speaks of 'highly complementary' products and services, it envisages some $2 billion in 'annual cost synergies' for the combined company whose notional 2013 revenues were $51.8 billion. The new company will have 136,000 employee and operations in 80 countries.