HOUSTON--(BUSINESS WIRE)--Feb. 10, 2015--
Halliburton Company (NYSE: HAL) and Baker Hughes Incorporated (NYSE:
BHI) today announced that, as expected, the companies have each received
a request for additional information (“second requests”) from the United
States Department of Justice (“DOJ”) in connection with Halliburton’s
pending acquisition of Baker Hughes. The second requests were issued
under the notification requirements of the Hart-Scott-Rodino Antitrust
Improvements Act of 1976, as amended (“HSR Act”).
The second requests are a standard part of the regulatory review process
by the DOJ and were expected by Halliburton and Baker Hughes. The effect
of the second requests is to extend the waiting period imposed by the
HSR Act until 30 days after Halliburton and Baker Hughes have
substantially complied with the requests, unless that period is extended
voluntarily by both parties or terminated sooner by the DOJ. Halliburton
and Baker Hughes are working cooperatively with the DOJ as it conducts
its review of the transaction, which remains subject to shareholder and
other approvals, as well as customary closing conditions.
About Halliburton
Founded in 1919, Halliburton is one of the world's largest providers of
products and services to the energy industry. With more than 80,000
employees, representing 140 nationalities in over 80 countries, the
company serves the upstream oil and gas industry throughout the
lifecycle of the reservoir - from locating hydrocarbons and managing
geological data, to drilling and formation evaluation, well construction
and completion, and optimizing production through the life of the field.
Visit the company’s website at www.halliburton.com.
Connect with Halliburton on Facebook,
Twitter,
LinkedIn,
Oilpro,
and YouTube.
About Baker Hughes
Baker Hughes is a leading supplier of oilfield services, products,
technology and systems to the worldwide oil and natural gas industry.
The company's 61,000-plus employees today work in more than 80 countries
helping customers find, evaluate, drill, produce, transport and process
hydrocarbon resources. For more information about Baker Hughes, visit: www.bakerhughes.com.
Additional Information
This communication does not constitute an offer to buy or sell or the
solicitation of an offer to buy or sell any securities or a solicitation
of any vote or approval. This communication relates to a proposed
business combination between Halliburton and Baker Hughes. In connection
with this proposed business combination, on February 6, 2015,
Halliburton filed with the SEC an amendment to the registration
statement on Form S-4 that was originally filed on December 19, 2014,
containing a preliminary joint proxy statement/prospectus of Halliburton
and Baker Hughes and other documents related to the proposed
transaction. The registration statement has not yet become effective.
After the registration statement is declared effective by the SEC,
Halliburton and Baker Hughes will each file with the SEC a definitive
proxy statement/prospectus, and each of Halliburton and Baker Hughes
will file other documents with respect to the proposed acquisition of
Baker Hughes and a definitive proxy statement/prospectus will be mailed
to stockholders of Halliburton and Baker Hughes. INVESTORS AND SECURITY
HOLDERS OF HALLIBURTON AND BAKER HUGHES ARE URGED TO READ THE JOINT
PROXY STATEMENT/PROSPECTUS AND OTHER DOCUMENTS THAT MAY BE FILED WITH
THE SEC CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY WILL CONTAIN
IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. Investors and
security holders may obtain free copies of these documents (if and when
available) and other documents filed with the SEC by Halliburton and/or
Baker Hughes through the website maintained by the SEC at http://www.sec.gov.
Copies of the documents filed with the SEC by Halliburton will be
available free of charge on Halliburton’s internet website at http://www.halliburton.com
or by contacting Halliburton’s Investor Relations Department by email at investors@Halliburton.com
or by phone at +1-281-871-2688. Copies of the documents filed with the
SEC by Baker Hughes will be available free of charge on Baker Hughes’
internet website at http://www.bakerhughes.com
or by contacting Baker Hughes’ Investor Relations Department by email at trey.clark@bakerhughes.com
or alondra.oteyza@bakerhughes.com
or by phone at +1-713-439-8039 or +1-713-439-8822.
Participants in Solicitation
Halliburton, Baker Hughes, their respective directors and certain of
their respective executive officers may be considered participants in
the solicitation of proxies in connection with the proposed transaction.
Information about the directors and executive officers of Halliburton is
set forth in its Annual Report on Form 10-K for the year ended December
31, 2013, which was filed with the SEC on February 7, 2014, its proxy
statement for its 2014 annual meeting of stockholders, which was filed
with the SEC on April 8, 2014, its Quarterly Report on Form 10-Q for the
quarter ended September 30, 2014, which was filed with the SEC on
October 24, 2014, and its Current Reports on Form 8-K filed with the SEC
on July 21, 2014 and December 9, 2014. Information about the directors
and executive officers of Baker Hughes is set forth in its Annual Report
on Form 10-K for the year ended December 31, 2013, which was filed with
the SEC on February 12, 2014, its proxy statement for its 2014 annual
meeting of stockholders, which was filed with the SEC on March 5, 2014,
its Quarterly Report on Form 10-Q for the quarter ended September 30,
2014, which was filed with the SEC on October 21, 2014, and its Current
Reports on Form 8-K filed with the SEC on June 10, 2014, September 10,
2014 and December 10, 2014. These documents can be obtained free of
charge from the sources indicated above. Additional information
regarding the participants in the proxy solicitations and a description
of their direct and indirect interests, by security holdings or
otherwise, will be contained in the definitive proxy
statement/prospectus and other relevant materials to be filed with the
SEC when they become available.
Source: Halliburton Company and Baker Hughes Incorporated
For Halliburton
Investors:
Kelly
Youngblood, 281-871-2688
Halliburton, Investor Relations
Investors@Halliburton.com
or
Media:
Emily
Mir, 281-871-2601
Halliburton, Public Relations
PR@Halliburton.com
or
For
Baker Hughes
Investors:
Trey Clark,
713-439-8039
Baker Hughes, Investor Relations
trey.clark@bakerhughes.com
or
Alondra
Oteyza, 713-439-8822
Baker Hughes, Investor Relations
alondra.oteyza@bakerhughes.com
or
Media:
Melanie
Kania, 713-439-8303
Baker Hughes, Media Relations
