Halliburton Co.’s takeover of Baker Hughes Inc. is facing resistance from U.S. enforcement officials who are concerned the tie-up could hurt competition, according to a person familiar with the matter.
Justice Department lawyers reviewing the proposed $34.6 billiontransaction are worried that the oilfield services industry would become too concentrated after a combination of its No. 2 and No. 3 firms, said the person, who asked not to be identified because the review is confidential. Though Halliburton has proposed selling some assets to other companies, government officials aren’t convinced its plan would restore sufficient competition, the person said.
Brazil Energy Insight 
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