Monday, April 7, 2025

ValueAct Sued by DOJ Over Halliburton-Baker Hughes Acquisition

What defines a passive investor as opposed to an activist investor? The Department of Justice (DOJ) announced on Monday April 4, 2016, that legal action has been taken against ValueAct Capital for their activist investor position related to the merger agreement between Halliburton and Baker Hughes. The lawsuit alleges impropriety with the lead up to the merger and accuses ValueAct