General Electric (GE) Set to Merge Oil and Gas Business with Baker Hughes (BHI)
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GE (GE) to Combine Oil and Gas Business with Baker Hughes (BHI)
October 31, 2016 6:05 AM EDTGE (NYSE: GE) and Baker Hughes (NYSE: BHI) today announced that the companies have entered into an agreement to combine GEs oil and gas business and Baker Hughes to create a world-leading oilfield technology provider with a unique 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 revenue1 and operations in more than 120 countries. By drawing from GE technology expertise and Baker Hughes capabilities in oilfield services, the new company will... More
