Halliburton and Baker Hughes Said to Plan April Asset Sales

Halliburton Co. and Baker Hughes Inc. plan to begin seeking buyers next month for as much as $10 billion in assets that the oil-services companies need to sell to complete their merger, people with knowledge of the matter said.

The companies are planning to unload at least four batches of overlapping business lines in order to win approval from the U.S. Justice Department for their $34.6 billion combination, said the people, who asked not to be identified because the matter is private. These include Halliburton’s drill bits and directional drilling operations and Baker Hughes’s cementing division, the people said.