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February 21, 2013
15:16 EDTHALHalliburton gets $300M demand for arbitration from Ecosphere
Ecosphere Technologies announced that its counsel, Leopold Law, issued the following statement: "Ecosphere Technologies put Halliburton Energy Services on notice today of a Demand for Arbitration that is being filed with the American Arbitration Association, alleging that Halliburton took and disclosed Ecosphere's trade secrets and proprietary technical, business and strategic information. Ecosphere demands $300M in damages in the filing, alleging specifically that Halliburton both breached a non-disclosure agreement with Ecosphere, and that Halliburton stole, converted or misappropriated Ecosphere's trade secrets, all relating to Ecosphere's green technology business model to treat and recycle water used during hydraulic fracturing or "fracking" operations for oil and natural gas."
News For HAL From The Last 14 Days
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November 27, 2015
10:37 EDTHALEU Commission sets Jan. 12 deadline to rule on Baker Hughes, Halliburton deal
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November 18, 2015
08:37 EDTHALBaker Hughes has superior risk/reward ratio, says BMO Capital
BMO Capital believes that Baker Hughes (BHI) has one of the best risk/reward ratios in its coverage universe. The firm thinks the stock will rise 25% if its acquisition by Halliburton closes, and fall only 9%-14% in the medium term if the deal falls through. BMO now sees an 80% chance of the deal closing, up from 70% previously.

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