Advised on Proposed Acquisition of Baker Hughes by Halliburton

Compass Lexecon advised Baker Hughes during its proposed $28 billion merger with rival oilfield services provider, Halliburton. The acquisition of Baker Hughes by Halliburton would have combined the world’s number two and number three oil service companies. The parties abandoned the proposed transaction in May 2016 after opposition from U.S. and European antitrust regulators.

Compass Lexecon assisted Baker Hughes during the European Commission’s Phase I and Phase II review of the proposed acquisition. We supported Baker Hughes in responding to extensive information requests and analyzed unilateral effects using their bidding data.

The Compass Lexecon team, led by Lorenzo Coppi, included Andy Parkinson, Rashid Muhamedrahimov, Michele Avagliano, Thibaut De Bernard, Aleksandra Khimich, Bernardo Sarmento, Ferenc Peto, Gwilhem Charbonnier, Alyssa Lam, Su-Ann Lim, and Ming Yu Wong.