New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
June 3, 2014
04:55 EDTCOP, COP, BP, BP, SPN, SPN, STO, STO, TKPPY, TKPPY, HAL, HALCredit Suisse to hold a conference
Global Energy Conference to be held in London, England on June 3-4.
News For COP;BP;SPN;STO;TKPPY;HAL From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | all recent news | >>
November 17, 2014
11:15 EDTBPBP to invest $200M to upgrade U.S., Belgian petrochemical plants
BP announced that it plans to invest over $200M to upgrade its purified terephthalic acid plants at Cooper River, South Carolina and Geel, Belgium. The investments will position these assets amongst the most efficient PTA manufacturing facilities in the world. Reference Link
10:53 EDTHALHalliburton shares defended at Citigroup
09:36 EDTHALHalliburton shares under pressure on Baker Hughes purchase
Subscribe for More Information
09:22 EDTHALOn The Fly: Pre-market Movers
Subscribe for More Information
08:35 EDTHALHalliburton says tax synergies may come on top of other synergies outlined
Subscribe for More Information
08:21 EDTHALHalliburton says has identified numerous potential buyers if divestitures needed
Subscribe for More Information
07:47 EDTHALHalliburton volatility elevated into Baker Hughes acquiring for $34.6B
Subscribe for More Information
07:42 EDTHALHalliburton removed from U.S. Focus List at Credit Suisse
Subscribe for More Information
07:19 EDTHALBaker Hughes volatility elevated into Halliburton acquiring for $34.6B
Subscribe for More Information
07:12 EDTHALBloomberg / Mayer Brown to co-host a conference
Subscribe for More Information
07:12 EDTHALHalliburton and Baker Hughes host conference call
Subscribe for More Information
07:08 EDTHALBaker Hughes up 18% following acquisition by Halliburton
06:56 EDTHALHalliburton subject to $3.5B break up fee
Subscribe for More Information
06:56 EDTHALHalliburton CEO Lesar to remain CEO of combined company, board to expand to 15
The combined company will maintain the Halliburton (HAL) name and continue to be traded on the New York Stock Exchange under the ticker symbol “HAL.” The company will be headquartered in Houston, Texas. Dave Lesar will continue as chairman and CEO of the combined company. Following the completion of the transaction, the combined company’s board is expected to expand to 15 members, three of whom will come from the Board of Baker Hughes. Concurrently with the execution of the merger agreement, Halliburton withdrew its slate of directors nominated for the board of Baker Hughes.
06:52 EDTHALBaker Hughes holders to receive 1.12 Halliburton shares plus $19.00 cash
Subscribe for More Information
06:50 EDTHALHalliburton sees nearly $2B in annual cost synergies
Dave Lesar, chairman and CEO of Halliburton (HAL) stated, "The stockholders of Baker Hughes (BHI) will immediately receive a substantial premium and have the opportunity to participate in the significant upside potential of the combined company. Our stockholders know our management team and know we live up to our commitments. We know how to create value, how to execute, and how to integrate in order to make this combination successful. We expect the combination to yield annual cost synergies of nearly $2 billion. As such, we expect that the acquisition will be accretive to Halliburton’s cash flow by the end of the first year after closing and to earnings per share by the end of the second year. We anticipate that the combined company will also generate significant free cash flow, allowing for the return of substantial capital to stockholders.”
06:47 EDTHALHalliburton to acquire Baker Hughes for $78.62 per share
Halliburton (HAL) and Baker Hughes (BHI) announced a definitive agreement under which Halliburton will acquire all the outstanding shares of Baker Hughes in a stock and cash transaction. The transaction is valued at $78.62 per Baker Hughes share, representing an equity value of $34.6B and enterprise value of $38B, based on Halliburton’s closing price on November 12, the day prior to public confirmation by Baker Hughes that it was in talks with Halliburton regarding a transaction. Upon the completion of the transaction, Baker Hughes stockholders will own approximately 36% of the combined company. The agreement has been unanimously approved by both companies’ boards. The transaction combines two highly complementary suites of products and services into a comprehensive offering to oil and natural gas customers. On a pro-forma basis the combined company had 2013 revenues of $51.8B, more than 136,000 employees and operations in more than 80 countries around the world.
06:45 EDTHALHalliburton, Baker Hughes reach agreement to combine
November 16, 2014
15:26 EDTHALBaker Hughes, Halliburton differed on pace of deal discussions, WSJ says
Before going hostile, Halliburton (HAL) indicated it would raise its mid-October bid to buy Baker Hughes (BHI), says the Wall Street Journal. According to the Wall Street Journal report, Halliburton did not come through with an improved bid before Friday, a deadline to nominate directors to Baker Hughes’s board for the company’s annual meeting in April. According to people familiar with the matter between Oct. 13, when Halliburton made its proposal to Baker Hughes, and this past Friday, Halliburton felt Baker Hughes wasn’t engaging on the offer and Baker Hughes felt pressured by its rival to act quickly under a deadline, added the Wall Street Journal. Reference Link
November 15, 2014
08:21 EDTHALBaker Hughes says Halliburton trying to replace entire board
Subscribe for More Information
1 | 2 | 3 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use