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Failed Halliburton-Baker Hughes Deal Was Always A Long Shot

Law360, New York (May 2, 2016, 6:06 PM EDT) -- The decision by Halliburton Co. and Baker Hughes Inc. to scuttle their $34.6 billion merger is the final nail in the coffin for a deal seemingly destined for the graveyard amid fierce resistance from competition regulators, and experts say its failure indicates that large, highly integrated companies aren't ideal merger candidates in the current antitrust environment.

The U.S. Department of Justice did a victory lap Monday after Halliburton and Baker Hughes said Sunday night that they would pull the plug on a merger that would have...
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