- Halliburton (HAL +1.8%) will do “whatever is necessary" to win antitrust approval to buy Baker Hughes (BHI +1.1%), including selling additional assets to satisfy regulators, according to ValueAct Capital Management, which owns stakes in both companies.
- Bloomberg reports the activist fund said in a letter to its investors that, after discussions with the two oil field services companies, it is confident the deal is on track and will close.
- The letter may help ease concerns about the deal’s prospects among investors, who have grown increasingly worried that the tie-up could be in trouble with regulators.