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More merger doubts

MORGAN Stanley has downgraded Baker Hughes and warned of growing risks of its planned merger with rival Halliburton, which is understood to be selling more assets as the falling demand for drilling rigs continues to take its toll on the US market.

Anthony Barich
More merger doubts

The new doubts around Baker Hughes' $37 billion takeover by oil field services giant Halliburton come after Baker Hughes announced its North American revenue dropped 17% and revenue from its international...

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