Deals
U.S. Unsatisfied With Halliburton Merger Plan
- Antitrust officials said to push decision on tie-up to 2016
- Halliburton, Baker Hughes had agreed to extend review to today
U.S. Said to Be Unsatisfied With Halliburton Merger Plan
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U.S. antitrust officials aren’t satisfied with Halliburton Co.’s proposals for clearing its purchase of oil services rival Baker Hughes Inc. and don’t expect to announce until next year whether it blesses a deal, according to a person familiar with the situation.
The companies previously agreed to an extension until Tuesday with the Justice Department over the proposed $26 billion merger. The U.S. antitrust officials aren’t obligated to complete their review by today, said the person, who declined to be named because the review is confidential.