May 2 (Reuters) - Baker Hughes Inc BHI.N said it planned
to buy back $1.5 billion of shares and $1 billion of debt, using
the $3.5 billion breakup fee it is entitled to following the
collapse of its proposed buyout by Halliburton (NYSE:HAL) Inc HAL.N .
The companies announced the termination of their $28 billion
deal on Sunday after opposition from U.S. and European antitrust
regulators.