Bank of America Merrill Lynch, Credit Suisse and Goldman Sachs could take a hit if the Baker Hughes-Halliburton merger is called off by regulators, over concerns the deal will make the oilfield services industry too concentrated. The proposed merger, which would create one of the largest oil service companies in North America, has been under review since last year. Goldman Sachs stands to lose the most as it was the lone adviser to Banker Hughes.
Bank of America Merrill Lynch, Credit Suisse and Goldman Sachs could take a hit if the Baker Hughes-Halliburton merger is called off by regulators, over concerns the deal will make the oilfield services industry too concentrated. The deal is worth $35bn and with the advisory fees between 1% to 2% range, there could be earnings of around $350mn for the three banks if the merger goes through. Goldman Sachs stands to lose the most as it was the lone adviser to Banker Hughes.