EU Regulators Resume Scrutiny Of Halliburton, Baker Hughes Deal
EU competition regulators have resumed their scrutiny of U.S. oil industry services group Halliburton Co's plan to acquire smaller rival Baker Hughes, a deal which U.S. authorities say is uncompetitive and wants to block.
The European Commission, which halted its investigation into the $35 billion deal last month while waiting for more details from the companies, will now decide by Aug. 11 whether to clear or veto the takeover.
"Once the requested missing information is provided the Commission restarts the clock," Commission spokesman Ricardo Cardoso said in an email.