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EU: Halliburton, Baker Hughes merger decision pushed to August

By  |  April 14, 2016

European regulators have pushed back the deadline for their decision on the pending Halliburton and Baker Hughes merger to August.

According to Reuters, the European Commission now expects to issue its decision on the $35 billion merger no later than August 11.

The Commission paused its review of the deal again last month as it sought more information on the proposed combination.

The Commission had previously expected to issue its decision by July 11.

The deal was initially slated to close in the second half of 2015.

Halliburton and Baker Hughes previously agreed to extend the time period to obtain regulatory approvals to no later than April 30, 2016, as permitted under the merger agreement.

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