GE in Talks to Buy Halliburton Drilling Assets -Bloomberg

General Electric Co. (GE) is in advanced talks to buy certain assets of Halliburton Co. (HAL), Bloomberg News reported Wednesday on its website, citing people familiar with the matter.

Those talks, for assets including Halliburton's drilling-services and drill-bits divisions, are at an advanced stage, the people told Bloomberg. Additionally, GE is in talks with Halliburton for the Baker Hughes's completions operations, two people told Bloomberg. Halliburton and Baker Hughes Inc. (BHI) agreed earlier this year to merge in a $35 billion deal and are awaiting regulatory approval.

Full story at: www.bloomberg.com/news/articles/2015-12-09/ge-said-to-be-in-advanced-talks-for-halliburton-drilling-assets

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(END) Dow Jones Newswires

December 09, 2015 15:04 ET (20:04 GMT)

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