Halliburton's ‘Unfixable’ Deal Succumbed to Global Pushback
- Merger watchdogs from Washington to Brussels raised concerns
- Companies couldn't offer any fixes to get approval, U.S. said
Baker Hughes Looks Past Halliburton Deal With Buyback
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Halliburton Co.’s plan to acquire rival oil-services firm Baker Hughes Inc. never had a chance.
That was the message Monday from the Justice Department, which sued the companies last month to block the deal, forcing its collapse in the face of antitrust opposition from regulators in the U.S., European Union, Brazil and Australia.