Halliburton Co., the world’s second- biggest provider of oilfield services, agreed to buy No. 3 Baker Hughes Inc. in one of the largest takeovers of a U.S. energy company in years.

Baker Hughes shareholders will receive 1.12 Halliburton shares plus $19 in cash for each share they own, the companies said today in a joint statement. Halliburton plans to finance the deal through a combination of cash on hand and debt financing.

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