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US: Oil downturn may help Halliburton deal overcome antitrust hurdles

By  |  January 22, 2015

Commenting on the proposed merger between Halliburton and Baker Hughes, Morgan Stanley thinks the oil industry downturn may help HAL overcome antitrust hurdles, as weak oil prices make it harder to argue that market share power will translate into pricing power.

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    Halliburton offered $34.6 billion to acquire Baker Hughes. A merger between the two companies would combine the second and third largest oilfield services providers in the world. As a result, it’s expected that some assets will have to be divested in order to earn the approval of antitrust regulators.

    Full Content: Benzinga

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