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2014-03-25 07:03:00

BAKER HUGHES BUYS WEATHERFORD

BAKER HUGHES BUYS WEATHERFORD

HBJ. Weatherford International Ltd. (NYSE: WFT) will sell its pipeline and specialty services business to a subsidiary of Houston-based Baker Hughes Inc. (NYSE: BHI) in a $250 million deal.
The deal includes $241 million in cash and $9 million in retained working capital, the companies said March 24.
It's also part of Weatherford's previously announced plan to divest its noncore businesses. Switzerland-based Weatherford, which has its operational headquarters in Houston, has been restructuring its business for some time.

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Tags: BAKER, HUGHES, WEATHERFORD
Chronicle:
BAKER HUGHES BUYS WEATHERFORD
2019, June, 20, 17:20:00
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BAKER HUGHES BUYS WEATHERFORD
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U.S. FEDERAL FUNDS RATE 2.25 - 2.5%
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BAKER HUGHES BUYS WEATHERFORD
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OIL PRICE: NOT ABOVE $63
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BAKER HUGHES BUYS WEATHERFORD
2019, June, 19, 11:05:00
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BAKER HUGHES BUYS WEATHERFORD
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BAKER HUGHES BUYS WEATHERFORD
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OIL PRICE: NOT ABOVE $62 YET
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