Baker Hughes Incorporated (BHI) is a leading oilfield services company. It
provides services, products, technology to oil and natural gas industry. The
company has shared a very important news to which investors have responded very
positively and share price has increased after that. The news is that of
Weatherford International agreeing to sell its pipeline and specialty business
services to Baker Hughes. Weatherford wants to focus more on its core business
after selling this to Beaker Hughes. The deal is going to be closed at $250M.
This will not only add to assets of Baker Hughes but will also benefit it from
its existing technologies and global supply chain networks.
This will be a great addition to Baker Hughes and BHI stockquote is likely to go up further. BHI quote today is 64.94 with an increase of about 2.11 percent. This was a significant increase and has raised confidence for new investors in the company. After this the company will have a great opportunity to increase its operations and will be able to optimize its networks as well. This pipeline will help to improve overall supply chain network
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