EU opens probe into Halliburton, Baker Hughes merger

EU antitrust regulators opened a probe on Tuesday into the proposed acquisition of oilfield service supplier Baker Hughes by rival Halliburton on fears that the deal could hike up energy prices in Europe. The investigation by the European Commission, the EU's executive arm, follows regulatory difficulties in the US, where competition authorities rejected the latest divestment remedies set forward by the companies, delaying the deal. Halliburton and Baker Hughes, both Texas-based, provide well se