Baker Hughes Confirms Talks with Halliburton

Baker Hughes Incorporated today confirmed that it has engaged in preliminary discussions with Halliburton Company (HAL) regarding a potential business combination transaction.  The firm said that the discussions may or may not lead to any transaction.

Baker Hughes also said in a prepared statement that it does not intend to comment further on market speculation or disclose any developments unless and until it otherwise deems further disclosure is appropriate or required.

Baker Hughes is a supplier of oilfield services, products, technology and systems to the worldwide oil and natural gas industry. The company's 61,000 employees today work in more than 80 countries helping customers find, evaluate, drill, produce, transport and process hydrocarbon resources.