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Halliburton to acquire rival Baker Hughes for $34.6 billion
fortune.com Halliburton ready to divest businesses worth $7.5 billion in revenue to get anti-trust approvals. Halliburton, the world’s second-biggest oilfield services provider, said Monday it will acquire its smaller rival Baker Hughes in a deal worth $34.6 billion in cash and stock. The deal would create an oilfield services behemoth to take on market leader Schlumberger NV as falling oil prices threaten to erode demand.
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