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After the close of trading on Friday, Halliburton released a statement saying the release of full earnings is postponed to May 3 from Monday, April 25, citing the deadline for the Baker Hughes deal as the reason.
They announced the merger in November 2014 in a deal now worth roughly $25 billion in a bid competing against industry leader Schlumberger. The U.S. Justice Department has filed a lawsuit to stop this deal out of concern for checks and balances…that it will harm competition. One analyst at Jeffries wrote a note to investors that said the delay is a signal that one or both companies may terminate the merger while an analyst at KeyBanc suggested the deal might be called off once it expires April 30.Continue
Posted by Shon Mattox on April 27, 2016 at 11:09am