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Rovner v. Baker Hughes Incorporated et al
Case Number:
4:14-cv-03416
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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March 23, 2015
CORRECTED: Baker Hughes Investors Settle Suit Over $35B Halliburton Deal
Baker Hughes Inc. investors have agreed to settle their consolidated putative class action in Delaware state court seeking to block the company's $34.6 billion merger with Halliburton Co., prompting the dismissal of a similar suit in Texas.
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November 26, 2014
Investors Sue To Halt $35B Halliburton, Baker Hughes Deal
Investors in Baker Hughes Inc. launched two similar putative class actions Wednesday in Delaware and Texas trying to halt the company's proposed $34.6 billion merger with Halliburton Co., arguing the board approved the deal at too low a price to avoid a proxy battle and their possible ouster.