24.03.2014 13:23:05
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Weatherford To Sell Pipeline&specialty Services Unit To Baker Hughes For $250mln
(RTTNews) - Oilfield services provider Weatherford International Ltd. (WFT) said Monday that it agreed to sell its pipeline and specialty services business to a subsidiary of Baker Hughes Inc. (BHI) for a total consideration of $250 million, including $241 million in cash and $9 million in retained working capital.
The sale is part of Weatherford's previously announced plan to divest its non-core businesses.
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