What Halliburton's Baker Hughes Acquisition Means for Mutual Fund Investors (HAL, BHI)

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What Halliburton's Baker Hughes Acquisition Means for Mutual Fund Investors (HAL, BHI)

Halliburton Company
Halliburton Company (HAL) confirmed on Monday morning that it has agreed to purchase Baker Hughes (BHI) for a total of $34.6 billion.

Inside the Deal

Last week, shares of Baker Hughes surged after reports emerged that it was in talks with Halliburton regarding a possible acquisition. After last week’s rumors, Halliburton confirmed today that it now plans to acquire all outstanding shares of Baker Hughes for $78.62 per share – a total value of $34.6 billion.

This deal comes after a huge decline in oil prices over the past few months. It is possible that more deals like this one will happen in the near future as companies continue to struggle with plunging oil prices.

The deal is subject to regulatory approval and could face antitrust concerns.

Mutual Funds to Watch

The Bottom Line

This deal adds to the many major acquisitions that have already taken place in 2014. Major news events are very important for mutual fund investors to be aware of – even if the funds you own only have a small stake in the affected companies.

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Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

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Halliburton Company

What Halliburton's Baker Hughes Acquisition Means for Mutual Fund Investors (HAL, BHI)

Halliburton Company (HAL) confirmed on Monday morning that it has agreed to purchase Baker Hughes (BHI) for a total of $34.6 billion.

Inside the Deal

Last week, shares of Baker Hughes surged after reports emerged that it was in talks with Halliburton regarding a possible acquisition. After last week’s rumors, Halliburton confirmed today that it now plans to acquire all outstanding shares of Baker Hughes for $78.62 per share – a total value of $34.6 billion.

This deal comes after a huge decline in oil prices over the past few months. It is possible that more deals like this one will happen in the near future as companies continue to struggle with plunging oil prices.

The deal is subject to regulatory approval and could face antitrust concerns.

Mutual Funds to Watch

The Bottom Line

This deal adds to the many major acquisitions that have already taken place in 2014. Major news events are very important for mutual fund investors to be aware of – even if the funds you own only have a small stake in the affected companies.

Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.

Popular Articles

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.


Read Next