- Halliburton (HAL -0.8%) is given an additional 20 working days by the European Union to come up with a package of asset sales that will ease competition concerns over its proposed takeover of Baker Hughes (BHI +1.2%).
- HAL says it will offer remedies soon, after the EU pushed back the deadline for reviewing the deal to June 23 from May 26.
- The EU merger authority opened an in-depth probe into the deal on Jan. 12, citing concerns that combining the world's no. 2 and no. 3 oilfield services suppliers may harm competition and increase prices.