How To Guide For: A Look At The General Electric And Baker Hughes Merger Discussion

General Electric Company is a global digital industrial company. The Company's products and services range from aircraft engines, power generation and oil and gas production equipment to medical imaging, financing and industrial products. Now lets take a look at who Baker Hughes is. Baker Hughes is an American industrial service company. It is one of the world's largest oil field services companies. It operates in over 90 countries, providing the oil and gas industry with products and services for oil drilling, formation evaluation, completion, production and reservoir consulting. Lets discuss the possible merger. According to a report by The Wall Street Journal on Thursday October 27 General Electric is in talks to buy Baker Hughes and the deal could be worth up to $20 billion. The possible merger would involve General Electric and Baker Hughes merging their oil and gas businesses. This is not Baker Hughes first attempt at a merger. In 2014 Baker Hughes struck a deal to be acquired by the Halliburton Company for $34.6 billion but the deal was halted by the United States Department of Justice who filed a lawsuit to block the proposed merger on antitrust grounds. So we will have to wait and see how the discussion goes between General Electric and Baker Hughes. To get more information on the General Electric and Baker Hughes merger discussion -- click on the pictures below to read the articles.