HOUSTON, March 27, 2015 /PRNewswire/ -- As announced on November 17, 2014, Baker Hughes Incorporated (NYSE:BHI) and Halliburton Company (NYSE:HAL) entered into a definitive agreement under which Halliburton will acquire all the outstanding shares of Baker Hughes in a stock and cash transaction. The transaction was approved by stockholders of both companies today, and is expected to close late in the second half of 2015, pending regulatory approvals.
As a result of today's shareholder approvals, and as is conventional among companies being acquired in the energy industry, Baker Hughes will suspend future conference calls to discuss its quarterly results.
In lieu of a conference call, Baker Hughes is scheduled to issue a news release, detailing operational performance and earnings for the first quarter of 2015, before the market opens on Tuesday, April 21, 2015.
Baker Hughes is a leading supplier of oilfield services, products, technology and systems to the worldwide oil and natural gas industry. The company's 62,000-plus employees today work in more than 80 countries helping customers find, evaluate, drill, produce, transport and process hydrocarbon resources. For more information on Baker Hughes, visit: www.bakerhughes.com.
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SOURCE Baker Hughes Incorporated