Baker Hughes: Activist Investor Urges Oilfield Spinoff

Activist investor Ananym Capital Management is pushing Baker Hughes to sell or spin off its oilfield services equipment business, a move Ananym claims could skyrocket the energy company's share price by 50%. With Ananym already in talks with Baker Hughes, all eyes are on whether the company will restructure to unlock value and adapt to the volatile energy market, a decision that could set a precedent for the entire sector.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.