Halliburton, Baker Hughes shareholders OK $35 billion deal

[TexasTowelie]

Source: Fuelfix.com

HOUSTON – The world’s second and third-largest oil field service firms took another step toward closing a $34.6 billion merger Friday.

Shareholders of Halliburton and Baker Hughes overwhelmingly approved deal at separate special meetings early Friday, the firms said. Roughly 98 percent of the shareholder votes cast in both votes were in favor of the deal, which is expected to close in the second half of this year.

Halliburton’s acquisition, one of the biggest in energy deals so far this century, still has to pass a regulatory review by antitrust authorities. The firms could look to sell businesses with up to $7.5 billion in revenue to appease federal trustbusters, but Halliburton CEO Dave Lesar has said he expects the sum to be well below that.

UBS analysts last week said Halliburton executives anticipate they’ll begin lining up buyers for the spin-off businesses in late April or early May.

Read more: http://fuelfix.com/blog/2015/03/27/halliburton-baker-hughes-shareholders-ok-35b-deal/

[Dont call me Shirley]

1. Dear President Obama, the Sherman Anti-Trust Act is still on the books.

[Brother Buzz]

2. Halliburton would just move its main headquarters in Houston to their other headquarters in Dubai

Problem solved.

[Dont call me Shirley]

3. Dayum, you could become their corporate lawyer, Buzz...

[Brother Buzz]

4. Corporate headquarters are now people, and like people, they are fungible

"Oh, come on. People are fungible. You can have them here or there." - Rumsfeld

DEFENSE Secretary Donald Rumsfeld was offensive enough when he intimated last week that US troops were as interchangeable as automotive factory parts. Irritated at a question from a reporter about why 20,000 American troops had to stay 90 days longer than expected in Iraq, he said: "Oh, come on. People are fungible. You can have them here or there."

[Dont call me Shirley]

5. Corporate and political criminals can then be "fungitated" into prison according to Rum himself.