Halliburton Co., which is seeking regulatory approval for its roughly $35 billion purchase of Baker Hughes Inc., plans to sell three drilling business. The three businesses are drill bits, directional drilling and its LWD/MWD businesses, which are logging while drilling and measurement while drilling. The divisions will be marketed separately, the oilfield-service company said Tuesday. “Although we would prefer to retain these assets, we will be required to divest some of our overlapping businesses to obtain competition authorities’ approvals as anticipated when we announced the Halliburton-Baker Hughes transaction,” Halliburton said. Halliburton expects to complete the sale of the businesses in the same time frame as the closing of the Baker Hughes deal late in the second half of 2015. In February, the companies said they received an expected second request for additional information from antitrust regulators. Halliburton and others in the industry have cut jobs following a sharp decline […]