Halliburton Company - proposed acquisition of Baker Hughes Incorporated

Acquirer(s)

  • Halliburton Company

Target(s)

  • Baker Hughes Incorporated

Statement of issues

Document title Date

Timeline

DateEvent
21/04/2015ACCC commenced review under the Merger Process Guidelines.
19/06/2015Former proposed decision date of 9 July 2015 delayed to allow receipt of further information from Halliburton.
22/06/2015ACCC requested further information from Baker Hughes.
31/07/2015ACCC received further information from Halliburton and Baker Hughes.
11/09/2015ACCC received further information from Halliburton. ACCC timeline recommenced.
07/10/2015Former proposed decision date of 15 October 2015 delayed at the request of the merger parties to allow them to provide more information.
16/10/2015ACCC received further information from Halliburton. ACCC timeline recommenced.
23/10/2015ACCC published a Statement of Issues outlining preliminary competition concerns.
01/12/2015Former proposed decision date of 17 December 2015 delayed to allow the merger parties additional time to provide information and to allow the ACCC to consider the information it has received.
24/12/2015ACCC requested further information from Halliburton and Baker Hughes.
15/02/2016ACCC requested further information from Halliburton.
26/02/2016ACCC received further information from Baker Hughes.
10/03/2016ACCC received further information from Halliburton in response to the ACCC request of 24 December 2015. ACCC assessing a large amount of information.
20/04/2016Halliburton requested further time to provide information to the ACCC. The timeline will be updated with a proposed decision date in due course.
02/05/2016ACCC discontinued its public review after Halliburton advised that the proposed acquisition would not be proceeding.