Halliburton agrees $38bn Baker Hughes takeover – service company consolidation trend

Halliburton has agreed a $38bn takeover of Baker Hughes, bringing the two companies together in one of the largest deals in the energy industry in recent years.

The agreement follows a month of fractious talks between the two companies’ leaders, in which Baker Hughes complained it was being put under pressure to agree a deal too quickly, and Halliburton moved to prepare the way for a hostile bid.

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