Cost cuts sought after mega-deal

GE Oil & Gas and Baker Hughes are looking for $1.2 billion in synergy-related cost cuts to the end of the decade as they push through a mega-merger to form “a new leader in the oil and gas industry”.

Synergies sought: GE Oil & Gas chief executive Lorenzo Simonelli
Synergies sought: GE Oil & Gas chief executive Lorenzo Simonelli
Published 31 October 2016, 14:59Updated 2 November 2016, 07:55
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