Federal suit to stop deal between 2 oilfield services firms

Discussion in 'Finance Related News' started by admin, Apr 6, 2016.

  1. admin

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    WASHINGTON (AP) - The Justice Department is suing to stop Halliburton from buying oilfield-services rival Baker Hughes, the latest effort by the Obama administration to block mergers that it believes enrich corporations but hurt consumers.

    The government argues that the $35 billion deal would lead to higher prices and less ...

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