BN 02/10 21:32 *HALLIBURTON, BHI GET SECOND REQUESTS FOR ADDED INFORMATION
BN 02/10 21:31 *HALLIBURTON, BHI WORKING COOPERATIVELY WITH DOJ
BN 02/10 21:31 *HALLIBURTON SAYS EFFECT OF SECOND REQUESTS EXTENDS PERIOD
BN 02/10 21:30 *HALLIBURTON,BAKER HUGHES: REQUESTS ARE STANDARD PART OF REVIEW
BN 02/10 21:30 *HALLIBURTON, BAKER HUGHES GET EXPECTED REQUESTS FOR ADDED
BN 02/10 21:31 *HALLIBURTON, BHI WORKING COOPERATIVELY WITH DOJ
BN 02/10 21:31 *HALLIBURTON SAYS EFFECT OF SECOND REQUESTS EXTENDS PERIOD
BN 02/10 21:30 *HALLIBURTON,BAKER HUGHES: REQUESTS ARE STANDARD PART OF REVIEW
BN 02/10 21:30 *HALLIBURTON, BAKER HUGHES GET EXPECTED REQUESTS FOR ADDED
Halliburton and Baker Hughes Receive Expected Requests for Additional Information from DOJ
2015-02-10 21:30:00.150 GMT
Halliburton and Baker Hughes Receive Expected Requests for Additional
Information from DOJ
Business Wire
HOUSTON -- February 10, 2015
Halliburton Company (NYSE: HAL) and Baker Hughes Incorporated (NYSE: BHI)
today announced that, as expected, the companies have each received a request
for additional information (“second requests”) from the United States
Department of Justice (“DOJ”) in connection with Halliburton’s pending
acquisition of Baker Hughes. The second requests were issued under the
notification requirements of the Hart-Scott-Rodino Antitrust Improvements Act
of 1976, as amended (“HSR Act”).
The second requests are a standard part of the regulatory review process by
the DOJ and were expected by Halliburton and Baker Hughes. The effect of the
second requests is to extend the waiting period imposed by the HSR Act until
30 days after Halliburton and Baker Hughes have substantially complied with
the requests, unless that period is extended voluntarily by both parties or
terminated sooner by the DOJ. Halliburton and Baker Hughes are working
cooperatively with the DOJ as it conducts its review of the transaction, which
remains subject to shareholder and other approvals, as well as customary
closing conditions.
About Halliburton
Founded in 1919, Halliburton is one of the world's largest providers of
products and services to the energy industry. With more than 80,000 employees,
representing 140 nationalities in over 80 countries, the company serves the
upstream oil and gas industry throughout the lifecycle of the reservoir - from
locating hydrocarbons and managing geological data, to drilling and formation
evaluation, well construction and completion, and optimizing production
through the life of the field. Visit the company’s website at
www.halliburton.com. Connect with Halliburton on Facebook, Twitter, LinkedIn,
Oilpro, and YouTube.
About Baker Hughes
Baker Hughes is a leading supplier of oilfield services, products, technology
and systems to the worldwide oil and natural gas industry. The company's
61,000-plus employees today work in more than 80 countries helping customers
find, evaluate, drill, produce, transport and process hydrocarbon resources.
For more information about Baker Hughes, visit: www.bakerhughes.com.
Additional Information
This communication does not constitute an offer to buy or sell or the
solicitation of an offer to buy or sell any securities or a solicitation of
any vote or approval. This communication relates to a proposed business
combination between Halliburton and Baker Hughes. In connection with this
proposed business combination, on February 6, 2015, Halliburton filed with the
SEC an amendment to the registration statement on Form S-4 that was originally
filed on December 19, 2014, containing a preliminary joint proxy
statement/prospectus of Halliburton and Baker Hughes and other documents
related to the proposed transaction. The registration statement has not yet
become effective. After the registration statement is declared effective by
the SEC, Halliburton and Baker Hughes will each file with the SEC a definitive
proxy statement/prospectus, and each of Halliburton and Baker Hughes will file
other documents with respect to the proposed acquisition of Baker Hughes and a
definitive proxy statement/prospectus will be mailed to stockholders of
Halliburton and Baker Hughes. INVESTORS AND SECURITY HOLDERS OF HALLIBURTON
AND BAKER HUGHES ARE URGED TO READ THE JOINT PROXY STATEMENT/PROSPECTUS AND
OTHER DOCUMENTS THAT MAY BE FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY
BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED
TRANSACTION. Investors and security holders may obtain free copies of these
documents (if and when available) and other documents filed with the SEC by
Halliburton and/or Baker Hughes through the website maintained by the SEC at
http://www.sec.gov. Copies of the documents filed with the SEC by Halliburton
will be available free of charge on Halliburton’s internet website at
http://www.halliburton.com or by contacting Halliburton’s Investor Relations
Department by email at investors@Halliburton.com or by phone at
+1-281-871-2688. Copies of the documents filed with the SEC by Baker Hughes
will be available free of charge on Baker Hughes’ internet website at
http://www.bakerhughes.com or by contacting Baker Hughes’ Investor Relations
Department by email at trey.clark@bakerhughes.com or
alondra.oteyza@bakerhughes.com or by phone at +1-713-439-8039 or
+1-713-439-8822.
Participants in Solicitation
Halliburton, Baker Hughes, their respective directors and certain of their
respective executive officers may be considered participants in the
solicitation of proxies in connection with the proposed transaction.
Information about the directors and executive officers of Halliburton is set
forth in its Annual Report on Form 10-K for the year ended December 31, 2013,
which was filed with the SEC on February 7, 2014, its proxy statement for its
2014 annual meeting of stockholders, which was filed with the SEC on April 8,
2014, its Quarterly Report on Form 10-Q for the quarter ended September 30,
2014, which was filed with the SEC on October 24, 2014, and its Current
Reports on Form 8-K filed with the SEC on July 21, 2014 and December 9, 2014.
Information about the directors and executive officers of Baker Hughes is set
forth in its Annual Report on Form 10-K for the year ended December 31, 2013,
which was filed with the SEC on February 12, 2014, its proxy statement for its
2014 annual meeting of stockholders, which was filed with the SEC on March 5,
2014, its Quarterly Report on Form 10-Q for the quarter ended September 30,
2014, which was filed with the SEC on October 21, 2014, and its Current
Reports on Form 8-K filed with the SEC on June 10, 2014, September 10, 2014
and December 10, 2014. These documents can be obtained free of charge from the
sources indicated above. Additional information regarding the participants in
the proxy solicitations and a description of their direct and indirect
interests, by security holdings or otherwise, will be contained in the
definitive proxy statement/prospectus and other relevant materials to be filed
with the SEC when they become available.
Contact:
For Halliburton
Investors:
Kelly Youngblood, 281-871-2688
Halliburton, Investor Relations
Investors@Halliburton.com
or
Media:
Emily Mir, 281-871-2601
Halliburton, Public Relations
PR@Halliburton.com
or
For Baker Hughes
Investors:
Trey Clark, 713-439-8039
Baker Hughes, Investor Relations
trey.clark@bakerhughes.com
or
Alondra Oteyza, 713-439-8822
Baker Hughes, Investor Relations
alondra.oteyza@bakerhughes.com
or
Media:
Melanie Kania, 713-439-8303
Baker Hughes, Media Relations
-0- Feb/10/2015 21:30 GMT
2015-02-10 21:30:00.150 GMT
Halliburton and Baker Hughes Receive Expected Requests for Additional
Information from DOJ
Business Wire
HOUSTON -- February 10, 2015
Halliburton Company (NYSE: HAL) and Baker Hughes Incorporated (NYSE: BHI)
today announced that, as expected, the companies have each received a request
for additional information (“second requests”) from the United States
Department of Justice (“DOJ”) in connection with Halliburton’s pending
acquisition of Baker Hughes. The second requests were issued under the
notification requirements of the Hart-Scott-Rodino Antitrust Improvements Act
of 1976, as amended (“HSR Act”).
The second requests are a standard part of the regulatory review process by
the DOJ and were expected by Halliburton and Baker Hughes. The effect of the
second requests is to extend the waiting period imposed by the HSR Act until
30 days after Halliburton and Baker Hughes have substantially complied with
the requests, unless that period is extended voluntarily by both parties or
terminated sooner by the DOJ. Halliburton and Baker Hughes are working
cooperatively with the DOJ as it conducts its review of the transaction, which
remains subject to shareholder and other approvals, as well as customary
closing conditions.
About Halliburton
Founded in 1919, Halliburton is one of the world's largest providers of
products and services to the energy industry. With more than 80,000 employees,
representing 140 nationalities in over 80 countries, the company serves the
upstream oil and gas industry throughout the lifecycle of the reservoir - from
locating hydrocarbons and managing geological data, to drilling and formation
evaluation, well construction and completion, and optimizing production
through the life of the field. Visit the company’s website at
www.halliburton.com. Connect with Halliburton on Facebook, Twitter, LinkedIn,
Oilpro, and YouTube.
About Baker Hughes
Baker Hughes is a leading supplier of oilfield services, products, technology
and systems to the worldwide oil and natural gas industry. The company's
61,000-plus employees today work in more than 80 countries helping customers
find, evaluate, drill, produce, transport and process hydrocarbon resources.
For more information about Baker Hughes, visit: www.bakerhughes.com.
Additional Information
This communication does not constitute an offer to buy or sell or the
solicitation of an offer to buy or sell any securities or a solicitation of
any vote or approval. This communication relates to a proposed business
combination between Halliburton and Baker Hughes. In connection with this
proposed business combination, on February 6, 2015, Halliburton filed with the
SEC an amendment to the registration statement on Form S-4 that was originally
filed on December 19, 2014, containing a preliminary joint proxy
statement/prospectus of Halliburton and Baker Hughes and other documents
related to the proposed transaction. The registration statement has not yet
become effective. After the registration statement is declared effective by
the SEC, Halliburton and Baker Hughes will each file with the SEC a definitive
proxy statement/prospectus, and each of Halliburton and Baker Hughes will file
other documents with respect to the proposed acquisition of Baker Hughes and a
definitive proxy statement/prospectus will be mailed to stockholders of
Halliburton and Baker Hughes. INVESTORS AND SECURITY HOLDERS OF HALLIBURTON
AND BAKER HUGHES ARE URGED TO READ THE JOINT PROXY STATEMENT/PROSPECTUS AND
OTHER DOCUMENTS THAT MAY BE FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY
BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED
TRANSACTION. Investors and security holders may obtain free copies of these
documents (if and when available) and other documents filed with the SEC by
Halliburton and/or Baker Hughes through the website maintained by the SEC at
http://www.sec.gov. Copies of the documents filed with the SEC by Halliburton
will be available free of charge on Halliburton’s internet website at
http://www.halliburton.com or by contacting Halliburton’s Investor Relations
Department by email at investors@Halliburton.com or by phone at
+1-281-871-2688. Copies of the documents filed with the SEC by Baker Hughes
will be available free of charge on Baker Hughes’ internet website at
http://www.bakerhughes.com or by contacting Baker Hughes’ Investor Relations
Department by email at trey.clark@bakerhughes.com or
alondra.oteyza@bakerhughes.com or by phone at +1-713-439-8039 or
+1-713-439-8822.
Participants in Solicitation
Halliburton, Baker Hughes, their respective directors and certain of their
respective executive officers may be considered participants in the
solicitation of proxies in connection with the proposed transaction.
Information about the directors and executive officers of Halliburton is set
forth in its Annual Report on Form 10-K for the year ended December 31, 2013,
which was filed with the SEC on February 7, 2014, its proxy statement for its
2014 annual meeting of stockholders, which was filed with the SEC on April 8,
2014, its Quarterly Report on Form 10-Q for the quarter ended September 30,
2014, which was filed with the SEC on October 24, 2014, and its Current
Reports on Form 8-K filed with the SEC on July 21, 2014 and December 9, 2014.
Information about the directors and executive officers of Baker Hughes is set
forth in its Annual Report on Form 10-K for the year ended December 31, 2013,
which was filed with the SEC on February 12, 2014, its proxy statement for its
2014 annual meeting of stockholders, which was filed with the SEC on March 5,
2014, its Quarterly Report on Form 10-Q for the quarter ended September 30,
2014, which was filed with the SEC on October 21, 2014, and its Current
Reports on Form 8-K filed with the SEC on June 10, 2014, September 10, 2014
and December 10, 2014. These documents can be obtained free of charge from the
sources indicated above. Additional information regarding the participants in
the proxy solicitations and a description of their direct and indirect
interests, by security holdings or otherwise, will be contained in the
definitive proxy statement/prospectus and other relevant materials to be filed
with the SEC when they become available.
Contact:
For Halliburton
Investors:
Kelly Youngblood, 281-871-2688
Halliburton, Investor Relations
Investors@Halliburton.com
or
Media:
Emily Mir, 281-871-2601
Halliburton, Public Relations
PR@Halliburton.com
or
For Baker Hughes
Investors:
Trey Clark, 713-439-8039
Baker Hughes, Investor Relations
trey.clark@bakerhughes.com
or
Alondra Oteyza, 713-439-8822
Baker Hughes, Investor Relations
alondra.oteyza@bakerhughes.com
or
Media:
Melanie Kania, 713-439-8303
Baker Hughes, Media Relations
-0- Feb/10/2015 21:30 GMT