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2015-03-29 14:55:00

HALLIBURTON & BAKER HUGHES MERGER

HALLIBURTON & BAKER HUGHES MERGER

Halliburton shareholders have overwhelmingly approved the company's long-awaited merger with Baker Hughes. Baker Hughes also announced on Friday that its stockholders adopted the merger agreement, thereby approving the merger. Each company held their own special meetings Friday morning.

Nearly 99 percent of the shareholders at Halliburton's special meeting voted in favor of the proposal to issue Halliburton shares. Baker Hughes shareholders also supported the merger overwhelmingly, with 98 percent of shareholders voting to approve the deal. Halliburton chairman and CEO Dave Lesar is pleased with the results and is looking forward to moving ahead.

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Tags: HALLIBURTON, BAKER, HUGHES, MERGER
Chronicle:
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