Baker Hughes is divesting the CT&P business as a part of a remedy package offered to the
The contemplated transaction is subject to Archer being selected as the preferred purchaser by Baker Hughes, definitive agreements, final approval by the CMA, and Archer Board approval.
For further information on the CMA process: https://www.gov.uk/cma-cases/baker-hughes-nederland-holdings-bv-slash-oz-midco-as-altus-intervention-merger-inquiry#full-publication-update-history
For additional information, please contact:
Joachim Houeland, Manager Treasury and Investor Relations, Mobile: +47 482 78 748, Email: Joachim.houeland@archerwell.com
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
https://news.cision.com/archer-limited/r/archer-limited--archer-signs-term-sheet-to-potentially-acquire-baker-hughes--coil-tubing-and-pumping,c3699082
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