Lately, it seems that the ongoing depressed oil prices are driving some interesting shotgun weddings in the oil and gas industry.
With both Houston-based companies facing financial challenges caused by the current adverse business climate, Halliburton and Baker Hughes are gearing up to integrate “late in the second half” of 2015, according to a recent statement issued by Halliburton chairman and CEO Dave Lesar. However, the close of the transaction remains subject to regulatory approvals, as well as other customary closing conditions.
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