Halliburton, Baker Hughes merger talks still at impasse

Houston

THE standoff between Halliburton Co and Baker Hughes Inc extended over the weekend as talks remained stalled on a potential merger of the world's second and third-largest oil-field service companies.

Negotiations fell through late last week over price and potential US antitrust objections, prompting Halliburton to notify Baker Hughes on Nov 14 that it intends to conduct a proxy fight for control of the board at the April 2015 annual meeting, Baker Hughes said in a statement the same day.