Halliburton and Baker Hughes scrap $28b merger

Halliburton and Baker Hughes scrap $28b merger

Idle trucks and oil production equipment is seen in a Halliburton yard in Williston, North Dakota April 30, 2016. Picture taken April 30, 2016. REUTERS/Andrew Cullen

Oilfield services provider Halliburton Co and smaller rival Baker Hughes Inc announced the termination of their $28 billion merger deal on Sunday after opposition from U.S. and European antitrust regulators.

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