Skip to main content

UPDATE: Baker Botts represents Halliburton in Baker Hughes deal

Oilfield Technology,


Baker Botts lawyers represented Halliburton in the Baker Hughes merger, one of the largest energy deals of 2014.

Under the deal, Halliburton will acquire all the outstanding shares of Baker Hughes in a stock and cash transaction. The transaction is valued at US$ 78.62 per Baker Hughes share, representing an equity value of US$ 34.6 billion and enterprise value of US$ 38.0 billion.

Upon the completion of the transaction, Baker Hughes stockholders will own approximately 36% of the combined company.

The transaction combines two highly complementary suites of products and services into a comprehensive offering to oil and natural gas customers. On a pro-forma basis the combined company had 2013 revenues of US$ 51.8 billion, more than 136,000 employees and operations in more than 80 countries around the world.

Baker Botts along with Wachtell, Lipton, Rosen & Katz acted for Halliburton.


Adapted from press release by Katie Woodward

Read the article online at: https://www.oilfieldtechnology.com/digital-oilfield/21112014/baker-botts-act-in-halliburton-merger-1842/

 

Embed article link: (copy the HTML code below):