HOUSTON (Bloomberg) -- Halliburton Co., the world’s second-biggest provider of oilfield services, agreed to buy No. 3 Baker Hughes Inc. in one of the largest takeovers of a U.S. energy company in years. Baker Hughes shareholders will receive 1.12 Halliburton shares plus $19 in cash for each share they own, both companies said in a statement. Halliburton plans to finance the cash portion of the deal through a combination of cash on hand and debt financing.
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Halliburton to buy Baker Hughes for $34.6 billion, sell assets
![Halliburton to buy Baker Hughes for $34.6 billion, sell assets]()
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