$HAL, $BHI,...Baker Hughes would pay Halliburton $1B termination fee if merger fails
Baker Hughes (BHI -1.7%) would be required to pay Halliburton (HAL -0.4%) a $1B termination fee if the merger agreement is terminated, according to a just-released SEC filing.
Meanwhile, analysts continue to come out positive on the deal, with BofA Merrill saying today that adding BHI would help fill the artificial lift and chemicals gaps in HAL’s portfolio and add greater scale internationally that would enhance fixed cost absorption.
HAL would face a $3.5B termination fee if the deal falls through.
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