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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: jbe who wrote (19506)	4/17/1998 2:34:00 PM
From: Broken_Clock	Respond to of 95453

Friday April 17, 1:33 pm Eastern Time Schlumberger declines comment on Baker Hughes NEW YORK, April 17 (Reuters) - Schlumberger Ltd. (SLB - news) on Friday declined to comment on market talk that it would make a bid for oil services company Baker Hughes Inc. (BHI - news). ''We do not comment on market rumors,'' said a spokeswoman for Schlumberger. Talk of a merger between the two companies has been a perennial topic in the oil services industry, especially since Halliburton Co. (HAL - news) and Dresser Industries (DI - news) merged to overtake Schlumberger as the largest company in the sector. Business Week added to the talk today with a report that the two were close to a deal. This lopped 1-1/16 off Schlumberger shares were off 1-1/16 to 77-1/2, while Baker Hughes added 1-1/2 to 42-1/16. No one from Baker Hughes was immediately available for comment.