Here’s why some insiders doubt the Halliburton & Baker Hughes deal will close

After the close of trading on Friday, Halliburton released a statement saying the release of full earnings is postponed to May 3 from Monday, April 25, citing the deadline for the Baker Hughes deal as the reason.

They announced the merger in November 2014 in a deal now worth roughly $25 billion in a bid competing against industry leader Schlumberger. The U.S. Justice Department has filed a lawsuit to stop this deal out of concern for checks and balances…that it will harm competition. One analyst at Jeffries wrote a note to investors that said the delay is a signal that one or both companies may terminate the merger while an analyst at KeyBanc suggested the deal might be called off once it expires April 30.

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