Oilfield services provider Halliburton Co and rival Baker Hughes Inc are in preliminary talks on a potential merger, Baker Hughes said in a statement on Thursday.
The statement said the discussions "may or may not lead to any transaction" but two people familiar with the matter said Halliburton was in talks to buy Baker Hughes. Any potential deal between the two Houston-based companies could run into antitrust concerns.
"Baker Hughes Incorporated today confirmed that it has engaged in preliminary discussions with Halliburton Company regarding a potential business combination transaction," the statement said.
Halliburton declined to comment on the talks, which were first reported by Dow Jones and in The Wall Street Journal. The people familiar with the matter spoke to Reuters on condition of anonymity.Read the rest of the article by clicking here.
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