In the News

December 2016, Vol. 243, No. 12

GE, Baker Hughes Creating New Oilfield Technology Company GE and Baker Hughes plan to combine GE’s oil and gas business with Baker Hughes to create a world-leading oilfield technology provider with an enlarged mix of service and equipment capabilities. The “New” Baker Hughes will be a leading equipment, technology and services provider in the oil and gas industry with $32 billion of combined revenue and operations in over 120 countries. Baker Hughes shareholders will receive a one-time cash dividend of $17.50 per share and 37.5% of the new company. GE will own 62.5% of the…

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