Halliburton To Terminate $28B Baker Hughes Merger
May 02, 2016 at 04:56 AM EDT
Sources suggest Halliburton and Baker Hughes will call off their $28B merger. The $3.5B break-up fee will be a windfall for BHI and I expect the stock to rise on Monday. I value both BHI and HAL at $20. Avoid both stocks.