Baker Hughes (BHI), General Electric (GE) in Partnership Talks, Not Merger Talks

October 27, 2016 9:32 PM EDT

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Baker Hughes (NYSE: BHI) saw wild trading after-hours Thursday following reports from the Wall Street Journal General Electric (NYSE: GE) was in talks to acquire the company. It was later learned that the talks only involved a partnership.

"While nothing is concluded, none of these options include an outright purchase," GE said in a statement.

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