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.
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