Delayed Halliburton Call Has Analysts Doubtful on Baker Deal
- Earnings release postponed until May 3, due to merger deadline
- Halliburton and Baker Hughes have until April 30 to close deal
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A delay in releasing Halliburton Co.’s first-quarter earnings has raised analysts’ doubts over the prospects for a takeover of rival Baker Hughes Inc.
The release of a full earnings report is postponed to May 3 from April 25, Houston-based Halliburton said in statement released after the close of regular trading Friday. Halliburton cited the upcoming deadline to complete the Baker Hughes deal by the end of this month for the delay. Representatives for Halliburton and Baker Hughes each declined to comment on what the delay could mean for the deal.