‘Hallibaker’ merger bid shows consolidation as early symptom of oil price slide | The National:
"The year’s most striking oil merger bid turned hostile on Friday when Baker Hughes said that Halliburton was seeking to replace its entire board.
World No 2 oil services company Halliburton and No 3 Baker Hughes confirmed on Thursday that they were in talks to combine, but discussions soon stalled over the price and planned asset sales.
The merger would create a company with a market capitalisation of more than US$71 billion, second only to sector leader Schlumberger’s $122bn."
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