Baker Hughes shareholders approve $32B combination with GE
July 05, 2017
Oil & Gas Equipment | Houston, TX | Corporate Acquisition
Shareholders of Baker Hughes have approved the oilfield services company's acquisition by GE Oil & Gas for $17.50 per share. With a combined revenue of $32 billion, the combined company will begin trading on the NYSE today under the ticker symbol BHGE. Baker Hughes and GE secured regulatory approval in the US and EU last month.