Baker Hughes Inc. has confirmed that it has engaged in preliminary discussions with Halliburton Company regarding a potential business combination transaction.
In a statement released on its website, Baker Hughes said: “These discussions may or may not lead to any transaction. Baker Hughes does not intend to comment further on market speculation or disclose any developments unless and until it otherwise deems further disclosure is appropriate or required.”
Any deal would likely be one of the largest in the energy sector for many years.
Adapted from press release by Callum O'Reilly
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