Halliburton's Baker Deal Faces Australian Regulatory Hurdle

Updated on
  • Competition watchdog delays final decision on deal to Dec. 17
  • Takeover may create conditions for coordinated behavior

Halliburton Co.’s proposed purchase of Baker Hughes Inc. faces further regulatory scrutiny after Australia’s competition watchdog raised concerns that the $34.6 billion deal would shrink the number of suppliers for oilfield goods and services, particularly for offshore drilling.

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