ValueAct Suit Reveals U.S.'s Dim View of Halliburton Deal

  • U.S. sues investor over Baker Hughes, Halliburton holdings
  • Fund bought shares with intent to influence merger, U.S. says

U.S. Justice Dept. Sues ValueAct, Here's Why

Halliburton Co.’s planned takeover of rival Baker Hughes Inc. threatens to undercut competition in the oil-services industry, the U.S. Justice Department said as it sued an activist hedge fund for buying stakes in both companies without properly notifying the government.

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