Press Release November 18, 2014

Halliburton and Baker Hughes Reach Agreement to Combine in Stock and Cash Transaction Valued at $38 Billion

Alston & Bird acted as counsel for Credit Suisse in its role as lead financial adviser to Halliburton in connection with the proposed transaction.

Halliburton will acquire Baker Hughes in a stock and cash transaction valued at $78.62 per Baker Hughes share, representing an equity value of $34.6 billion and enterprise value of $38.0 billion, based on Halliburton’s closing price on November 12, 2014, the day prior to public confirmation by Baker Hughes that it was in talks with Halliburton regarding a transaction. Upon the completion of the transaction, Baker Hughes stockholders will own approximately 36 percent of the combined company.

Advising Credit Suisse were partners Kevin Miller and Aaron Dixon.
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