GE wins U.S. antitrust approval for Baker Hughes purchase

GE wins U.S. antitrust approval for Baker Hughes deal

GE wins U.S. antitrust approval for Baker Hughes purchase

Bluecrest Capital Management has invested 0.48% in Baker Hughes Incorporated (NYSE:BHI). Pitcairn Co. now owns 3,910 shares of the oilfield services provider's stock valued at $234,000 after buying an additional 165 shares during the period. The company had a trading volume of 1,973,443 shares. Highbridge Capital Management LLC now owns 39,696 shares of the oilfield services provider's stock worth $2,003,000 after buying an additional 32,195 shares in the last quarter. BlackRock Inc. boosted its position in Baker Hughes by 1,858.5% in the first quarter.

Baker Hughes Incorporated (BHI) opened at 57.07 on Wednesday. The firm has a 50 day moving average of $57.42 and a 200-day moving average of $60.66. Baker Hughes has a 12 month low of $41.74 and a 12 month high of $68.59. The stock's market capitalization is $23.68 billion. Baker Hughes Incorporated is now trading -0.13% below its 20-day and -3.59% versus the 200-day simple moving averages while -3.63% compared with its 50-day simple moving average. The business had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.27 billion. Susquehanna downgraded Baker Hughes Incorporated (NYSE:BHI) on Wednesday, January 4 to "Neutral" rating. 53,572 are owned by Old Point Trust & Financial Svcs N A. The Switzerland-based Gam Holding Ag has invested 0.07% in Baker Hughes Incorporated (NYSE:BHI). State Of Wisconsin Invest Board reported 1.61M shares or 0.5% of all its holdings. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date of this dividend was Thursday, May 4th. Amer Assets Inv Limited Liability Company stated it has 1.25% of its portfolio in Baker Hughes Incorporated (NYSE:BHI). On average, equities research analysts forecast that Baker Hughes Incorporated will post $0.02 earnings per share for the current year. If you are accessing this piece of content on another site, it was stolen and republished in violation of worldwide copyright and trademark law. The correct version of this piece of content can be viewed at

Hourglass Capital Llc increased Baker Hughes Inc (BHI) stake by 28.6% reported in 2016Q4 SEC filing. As per Monday, October 5, the company rating was maintained by Citigroup.

The companies continue to target a mid-year close. Jefferies Group LLC dropped their target price on Baker Hughes from $72.00 to $67.00 and set a hold rating on the stock in a report on Friday, April 28th. Finally, HSBC Holdings plc initiated coverage on Baker Hughes in a research report on Wednesday, April 19th. Jefferies has "Hold" rating and $72 target. A 10 analysts rate it as either a buy or a strong buy, while 1 believe that investors should either steer clear of NLSN or, if they already own its stock, sell it.

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Rival oilfield services company Halliburton made a similar bid for Baker Hughes a year ago.

The new company will be one of the industry's largest players, bringing together a portfolio of capabilities spanning oilfield services, equipment manufacturing and technology.

"Competition to provide refinery chemicals and services benefits a vital sector of our economy", said acting assistant attorney general Andrew Finch of the antitrust division.

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