Baker Hughes confirmed that it has engaged in preliminary discussions with Halliburton regarding a potential business combination transaction.
The company said in a statement on Thursday that “ these discussions may or may not lead to any transaction. ”
“ Baker Hughes does not intend to comment further on market speculation or disclose any developments unless and until it otherwise deems further disclosure is appropriate or required, ” the company said.
A potential merger would create a drilling and well services giant worth about $67 billion. The deal would be one of the largest in the energy sector in the last ten years.
LNG World News Staff, November 14, 2014; Image: Halliburton