Deals
ValueAct Bets on Halliburton Deal With Baker Hughes Stake
This article is for subscribers only.
ValueAct Capital Management LP amassed an activist stake in Baker Hughes Inc. in the expectation a takeover by Halliburton Co. will help the oilfield-services companies weather turmoil in the energy industry.
“We love the merger with Halliburton,” ValueAct Chief Executive Officer Jeff Ubben said in an interview. “We want this deal to get done especially because of the oil price decline.”