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Low Oil Prices Bring M&A Wave

by Jason Simpkins, Outsider Club:

With oil prices falling to their lowest level in years, you can expect to see a new wave of mergers and acquisitions.

In fact, it’s already begun.

Today, Halliburton (NYSE: HAL) announced a $35 billion blockbuster buyout of Baker Hughes Inc. (NYSE: BHI).

The transaction was valued at $78.62 a share, with Baker Hughes shareholders receiving $19 per share in cash and 1.12 shares of Halliburton stock.

Read More @ OutsiderClub.com

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1 comment to Low Oil Prices Bring M&A Wave

  • Ed_B

    “The transaction was valued at $78.62 a share, with Baker Hughes shareholders receiving $19 per share in cash and 1.12 shares of Halliburton stock.”

    Which would be fine IF we wanted those Halliburton shares. Many of us bought BHI or SLB specifically because we did NOT want to own Halliburton shares. :-/

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