BJ’s Back As Goldman Sachs Buys Frac For Pennies On The Dollar

BJ Services returned to the scene as a standalone company late Tuesday as Baker Hughes announced the pressure pumping divestiture they talked about before the GE deal and confirmed during the GE announcement.

We break down the deal including observations about value, Goldman Sach’s interesting history with BJ Services, and some creative elements that could be a win/win for Baker and the new BJ Services in this post (free 30-day trial required to view full post).

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