HOUSTON –The shareholders of both Halliburton and Baker Hughes have approved the proposed merger of the two companies. The next step is regulatory approval.
The companies are now responding to“second request” information sought by the US Justice Department in examining the merger for antitrust compliance.
Any discussion of divestitures is just speculation, said the companies, and in any case would require regulatory approval.
Completion of the “second request” step and subsequent regulatory decision on the merger is not expected until the second half of this year.