Baker Hughes Incorporated is one of the world's largest oil field services companies with products and services for oil drilling, formation evaluation, completion, production and reservoir consulting.

According to the Complaint, on October 31, 2016, Baker Hughes and GE issued a press release announcing that they had entered into a Transaction Agreement and Plan of Merger, which was subsequently amended on March 27, 2017, to combine Baker Hughes with GE O&G.

On March 29, 2017, Baker Hughes and GE filed with the United States Securities and Exchange Commission a joint Registration Statement on Form S-4, which was amended on May 9, 2017, in connection with the Proposed Transaction. The Complaint alleges the Registration Statement, which recommends that Baker Hughes stockholders vote in favor of the Proposed Transaction, omits or misrepresents material information concerning, among other things: (i) the GE O&G Forecasts, Baker Hughes Forecasts, Baker Hughes Forecasts for GE O&G and the New Baker Hughes Forecasts, utilized by the Company’s financial advisor, Goldman, Sachs & Co. (“Goldman”), in its financial analyses; (ii) the valuation analyses prepared by Goldman in connection with the rendering of its fairness opinion; and (iii) the background and sale process leading up to the Proposed Transaction.

Pursuant to a stipulation by the parties, this case was ordered dismissed on August 3, 2017.