GE-Baker Hughes megadeal receives EU approval

Houston-based Baker Hughes Inc. (NYSE: BHI) is one step closer to combining with GE Oil & Gas.

The European Commission has approved the megadeal under European Union merger control rules, Baker Hughes and Boston-based General Electric Co. (NYSE: GE) announced May 31. The deal, which was announced Oct. 31, is still expected to close in mid-2017.

The regulatory entity said it “concluded that the transaction would not adversely affect competition in the relevant markets” and approved the deal…

GE-Baker Hughes megadeal receives EU approval syndicated post

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