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Halliburton (HAL -1.2%) likely will need to sell

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Timothy Smith   Sunday, 02/21/16 07:32:05 AM
Re: nyctraydr post# 532
Post # of 604 
Halliburton (HAL -1.2%) likely will need to sell more assets than initially planned to gain Australia's approval for its merger with Baker Hughes (BHI -0.8%), an Australian competition lawyer familiar with the case tells CTFN.

According to the lawyer, the critical issue for HAL is finding an alternate buyer that will take a bundle of divested assets to be a stronger competitor across various markets.

The Australian regulator was due to decide on the deal on Dec. 17 but delayed the decision indefinitely.

The merger also is awaiting clearance from Brazil, China, India and the European Commission.

Purely My Own Opinion. Do Your Own Due Diligence.

“Formula for success: rise early, work hard, strike oil.” - J. Paul Getty
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