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Halliburton Faces U.S. Lawsuit on Baker Hughes Deal

  • Justice Department said to prepare lawsuit to block merger
  • Takeover would unite No. 2 and No. 3 oil-services firms
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Halliburton May Face Lawsuit Over Baker Hughes Heal

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U.S. antitrust officials have prepared a lawsuit to stop Halliburton Co. from taking over rival oil-services company Baker Hughes Inc., according to a person familiar with the matter.

The Justice Department plans to file the lawsuit seeking to block the deal as soon as this week, claiming it violates antitrust laws by eliminating competition between the firms, said the person, who asked not to be named because the investigation is confidential.