Justice Dept Clears Baker Hughes-BJ Services Merger, With Conditions
2010年4月28日 - 6:51AM
Dow Jones News
The U.S. Justice Department said Tuesday that it has granted
antitrust clearance to the proposed merger of oilfield-service
companies Baker Hughes Inc. (BHI) and BJ Services Co. (BJS), but it
is requiring the companies to divest assets as a condition of
government approval.
The companies have agreed to sell two vessels that provide
specialized pumping services that are necessary for oil and gas
production in the Gulf of Mexico, the department said.
The department said the companies also will divest a dock
facility in Port Fourchon, La., and other assets.
The department's antitrust regulators said the deal as
originally proposed would have led to higher prices and a reduction
in service quality.
The merger was valued at $5.5 billion when it was announced in
August last year.
-By Brent Kendall, Dow Jones Newswires; 202-862-9222;
brent.kendall@dowjones.com
BJ Services (NYSE:BJS)
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