Report : GE Among Bidders For Halliburton Assets

(RTTNews) - General Electric Co. (GE) is bidding for two of the businesses that Halliburton Co. (HAL) is selling to win regulatory approval of its $35 billion takeover of rival Baker Hughes Inc. (BHI), Bloomberg reported citing people familiar with the matter.

GE reportedly made offers in recent weeks for pieces of Halliburton's drill bits and drilling-services businesses.

Weatherford International Plc and Nabors Industries Ltd. are also bidding for the services entity, which is embedded in Halliburton's Sperry Drilling arm and provides tools that gather important data from wells deep underground as they are being drilled. Final offers for both units are due within four weeks, the report said.

A number of private-equity firms and industrial companies are also bidding, the report said.