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“As a result, we assume the acquisition will be accretive to Halliburton’s income movement by the end of the first 12 months following closing also to earnings for each share by the end of the next year,” Lesar included.
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What Lesar didn’t say was that A serious enticement for Halliburton in gobbling up Baker Hughes is that it'll be in a very far better situation to contend with Schlumberger. So buyers are checking out a classic merger-arbitrage play, with Baker Hughes buying and selling considerably below the provide selling price.
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