Buying BJ Services For $5.5 Billion

I think the price is a little steep.

From Yahoo Finance:

NEW YORK (Reuters) – Oilfield services company Baker Hughes Inc said on Monday that it would buy peer BJ Services Co for $5.5 billion in a move to take on sector giants Halliburton Co and Schlumberger Ltd.

The stock-and-cash deal values BJ at a 16 percent premium over its closing price on Friday, said the companies, whose boards have approved the transaction.

About Luke Ford

I've written five books (see Amazon.com). My work has been followed by the New York Times, the Los Angeles Times, and 60 Minutes. I teach Alexander Technique in Beverly Hills (Alexander90210.com).
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