Baker Hughes: Comeback Story For 2017
Baker Hughes and Halliburton officially terminated the merger over the weekend.
The company will collect the $3.5 billion termination fee by Wednesday, providing several opportunities to improve the balance sheet.
The stock might not rebound in the near term, but investors should follow a previous example of another failed merger to see where Baker Hughes might end up.
As the news flow recently suggested, Baker Hughes (NYSE:BHI) and Halliburton (NYSE:HAL) called off their merger over the weekend. Both companies will hold conference calls on Tuesday to discuss the new plans as independent companies. The prime focus of the break up going forward is the $3.5 billion fee that Baker Hughes will collect from Halliburton by Wednesday.
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