Halliburton and Baker Hughes extend antitrust review period

July 10, 2015 10:05 PM

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Halliburton Co. and Baker Hughes Inc. said Friday that they have extended the timeline for completing the U.S. Department of Justice's antitrust review of their plans to combine.

The companies announced last November that Halliburton would buy rival oilfield services company Baker Hughes in a cash-and-stock deal then worth $34.6 billion. But the companies have been waiting for regulatory approval to complete the transaction.

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