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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: sand wedge who wrote (19467)4/17/1998 9:21:00 AM
From: Lazlo Pierce  Read Replies (1) of 95453
 
Sand, I know its been around awhile, but being in Biz weeks'S fri spotlight, is always worth a pop.
****************8
<<4/27/98 - BUSINESS WEEK - SCHLUMBERGER (SLB 78-1/2), BAKER HUGHES (BHI 40-1/2): Whispers are that SLB is poised to go after BHI. SLB's sales of more than $10B would be dwarfed by combined $16.2B sales of
HALLIBURTON/DRESSER duo. N.Y. hedge fund manager insists that SLB has
twice approached BHI last year with offer. So far, says BHI has kekpt
SLB away. Figures in buyout BHI worth $55. One analyst explains that SLB needs to boost sales, acquiring BHI would be quick way to do that. SLB, BHI didn't return calls. SLB was set into the back seat on the HAL/DI merger and may well wish to resume its leadership role it has enjoyed.>>

Dave
for so long.
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