SHAREHOLDER ALERT: Brower Piven Launches An Investigation Into The Proposed Sale Of Baker Hughes Incorporated And Encourages Investors To Contact The Firm For Additional Information

The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Baker Hughes Incorporated (“Baker Hughes” or the “Company”) (NYSE: BHI) relating to the proposed buyout of the Company by Halliburton Company (“Halliburton”).

On November 17, 2014, Baker Hughes and Halliburton announced the signing of a definitive agreement pursuant to which Halliburton will acquire Baker Hughes in a transaction valued at approximately $34.6 billion. Under the terms of the transaction, Baker Hughes shareholders will receive $19 in cash and a fixed exchange ratio of 1.12 shares of Halliburton stock per Baker Hughes share owned. The total consideration amounts to approximately $78.62 per share. The transaction is expected to close in the second half of 2015, though Baker Hughes shareholders will most likely be asked to vote on the transaction well before that time.

The firm’s investigation seeks to determine, among other things, whether the Board of Directors of Baker Hughes failed to satisfy their duties to the Company’s shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for the Company’s shares of common stock. In particular, according to Yahoo! Finance, at least one Wall Street analyst has issued a price target for Baker Hughes stock at $96.00 per share.

If you currently own common stock of Baker Hughes and would like to learn more about the investigation being conducted by Brower Piven, without cost or obligation to you, please visit our website at http://www.browerpiven.com/currentinvestigations.html. You may also request more information by contacting Brower Piven either by email at hoffman@browerpiven.com or by telephone at (410) 415-6616.

Attorneys at Brower Piven have extensive experience in litigating securities and other class action cases and have been advocating for the rights of shareholders since the 1980s.