Baker Hughes Inc (BHI) Back To Manufacturing Model - UBS
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Baker Hughes outlines path for the future
May 2, 2016 7:00 AM EDTHOUSTON, May 2, 2016 /PRNewswire/ --Â Following the termination of its merger agreement, Baker Hughes Incorporated (NYSE: BHI) today outlined a series of actions to reduce costs and simplify its business, enhance its commercial strategy, and optimize its capital structure.
The steps are intended to strengthen the company's competitive position, financial performance and shareholder returns during the ongoing industry challenges of today and for the additional opportunities that will be available when the market recovers.
Baker Hughes Chairman and CEO Martin Craighead said that the company is well positioned... More
