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Baker Hughes, Inc. (BHI)

(NYSE: BHI)

Summary

BAKER HUGHES SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Baker Hughes, Inc. Over the Proposed Sale of the Company to Halliburton Co. - BHI
 

Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Baker Hughes, Inc. (“Baker Hughes” or the “Company”) (NYSE: BHI) for potential breaches of fiduciary duties in connection with the sale of the Company to Halliburton Co. (NYSE: HAL) for approximately $35 billion in cash and stock.  The Company’s stockholders will only receive 1.12 shares of Halliburton and $19.00 in cash for each share of Baker Hughes common stock they own.

The investigation focuses on whether Baker Hughes’ Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of Baker Hughes’ shareholders.

If you own common stock in Baker Hughes and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330. 

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Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330

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Case Details

Date:

  • 11/20/2014

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