It appears the reason for more time is that Halliburton is not getting the price they want for the product lines they are selling. Also the divestures may add up to more then what was expected. They are going to do whatever it takes to make this deal go through. In the end Halliburton takes it in the shorts.
5 replies (most recent on top)
All Baker Hughes layoffs have to be OK'ed by the integration team in which HAL controls. Likewise for all BHI hiring or relocation decisions. Random HR actions? You must be kidding or not well connected.
All Baker Hughes layoffs have to be OK'ed by the integration team in which HAL controls. Likewise for all BHI hiring or relocation decisions. Random HR actions? You must be kidding or not well connected.
The layoffs were not random. The layoffs were for people who's managers didn't like them or were a potential threat to the managers own job later on down the line. The Layoffs were essential our managers securing their position for the next 5 years to never be challenged again
Yawnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnn
Under the current economic crisis, low oil prices against max production rates by some producers. I don't think bidders will give worthy pricing for Baker product lines. Furthermore, Baker random layoffs make most of product lines lose many expertises which will make the value drop more.