Start the conversation
4/1/15: The merger deal between oil field services company Halliburton Co. (NYSE: HAL) and Baker Hughes Incorporated (NYSE: BHI) has been approved by shareholders. This marks the biggest energy industry merger since oil prices started falling last year. Halliburton will take over its smaller rival Baker Hughes in the $34.6 billion deal.
The merger deal was announced in November last year. It is likely to create an oil field services giant big enough to take on market leader Schlumberger Limited (NYSE:SLB). HAL stock is trading up 27% at $44.