Baker Hughes (BKR) announced the final closing of its previously announced joint venture with a subsidiary of Cactus (WHD), in which Baker Hughes has contributed its surface pressure control product line. Cactus holds a 65% equity in the joint venture, with Baker Hughes retaining a 35% stake.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BKR:
- Baker Hughes reports U.S. rig count up 1 to 546 rigs
- Baker Hughes reports U.S. rig count up 3 to 545 rigs
- Baker Hughes to supply liquefaction equipment for Commonwealth export project
- Baker Hughes reports U.S. rig count down 6 to 542 rigs
- Baker Hughes to supply advanced artificial solutions to enhance KOC production