U.S. Sues Halliburton in Effort to Block Baker Hughes Deal

  • Justice Department says combination undercuts competition
  • Lawsuit extends streak of U.S. antitrust challenges to deals

Halliburton May Face Lawsuit Over Baker Hughes Heal

Halliburton Co. was sued by U.S. antitrust officials who say its planned takeover of rival oil-services firm Baker Hughes Inc. threatens competition and should be blocked, a blow to Halliburton’s bid to bulk up to better compete against rival Schlumberger Ltd.

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