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UPDATE 2-U.S. regulator sues ValueAct over Halliburton-Baker Hughes disclosures

2016-04-05 04:25:29| Oil & Gas - Topix.net

The U.S. Department of Justice on Monday sued ValueAct Capital for violating notification requirements related to Halliburton Co's Act - by waiting too long to disclose its intentions. "Plainly the regulators are trying to send a message that their view of what constitutes passivity is far more restrictive than what some portfolio managers apparently believe," said Christopher Davis, a partner at law firm Kleinberg Kaplan who chairs its mergers practice.

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