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Baker Hughes deal could be bad news for oversupplied U.S. fracking industry

Nov 30, 2016 - The Deal Pipeline

In what is being viewed by some analysts as the first move in an attempt at garnering the best market valuation for a combined Baker Hughes Inc. (BHI) and General Electric Co. (GE) oilfield services unit, Baker Hughes announced late Tuesday that it would once again separate its pressure pumping segment.

While the deal is viewed as a positive for Baker Hughes, as it will simplify its corporate structure and reduce the amount of capital that it needs to commit to maintain expo...