Halliburton to buy Baker Hughes

Baker Hughes Inc. (NYSE: BHI) will be acquired by Halliburton Co. (NYSE: HAL) in a cash and stock deal valued at approximately $34.6 billion. Shares of Baker Hughes leaped $5.34 to close at $65.23 while Halliburton stock plunged $5.85 to close at $49.23.


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