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Baker Hughes Company is an ... in a $728 million stock transaction to form Baker Hughes ... merger would affect competition and prices in the ...
With oil prices continue to trade in the bearish territory, there has been little incentives by the explorers to hire oilfield service firms like Baker Hughes (BKR) for upstream activities.
In the latest trading session, Baker Hughes (BKR) closed at $28.47, marking a -0.66% move from the previous day.
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The Nasdaq-100 (^NDX) is a stock market index made up of equity securities issued by 100 of the largest non-financial companies listed on the Nasdaq stock exchange. It is a modified capitalization-weighted index.
Today, the site of the building is on the campus of University of Houston–Downtown. A February 1914 advertisement for the Sharp-Hughes Tool Company in Fuel Oil Journal. Hughes Tool Company was an American manufacturer of drill bits. Founded in 1908, [1] it was merged into Baker Hughes Incorporated in 1987.
On April 28, 2010, the company was bought by Baker Hughes in a $5.5 billion stock and cash deal. Greenhill & Co. advised on the transaction. In December 2016, it was announced that Baker Hughes would be dividing off its North America Land Pressure Pumping division to form a new independent BJ Services Company.
Baker Hughes (NYS: BHI) carries $7.4 billion of goodwill and other intangibles on its balance sheet. Sometimes goodwill, especially when it's excessive, can foreshadow problems down the road.