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Baker Hughes Buys BJ Services for $5.5 Billion

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"Baker Hughes (BHI), the world’s third-largest oilfield-services provider, agreed to buy BJ Services Co. (BJS) for $5.5 billion to add to its unconventional natural-gas and deepwater businesses," according to Bloomberg. Chief Executive Chad C. Deaton told the Wall Street Journal "very little overlap" exists between the two companies.
SOURCE:   Bloomberg

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