Baker Hughes to buy BJ Services for $5.5 billion
Oilfield services company Baker Hughes Inc said on Monday that it would buy peer BJ Services Co for $5.5 billion in a move to take on sector giants Halliburton Co and Schlumberger Ltd.
Oilfield service firm Baker Hughes posted modest gains in the second quarter driven by a strong North American market and the company's acquisition of pressure pumping company BJ Services...