DOJ OKs Baker Hughes, BJ Merger With Divestitures

Law360, New York (March 31, 2010, 7:03 PM EDT) -- Shareholders of Baker Hughes Inc. and BJ Services Co. gave the companies' merger their approval at a Wednesday morning meeting, following a late Tuesday announcement that Baker Hughes had reached an agreement with the U.S. Department of Justice to divest some of its assets in exchange for antitrust clearance.

The oil field services provider said Tuesday it would divest two stimulation vessels — the HR Hughes and Blue Ray — and other assets used to perform sand control services in the Gulf of Mexico upon closing...
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