Printer Friendly

ANTITRUST CLEARANCE RECEIVED ON HALLIBURTON SALE OF GEOPHYSICAL BUSINESS

 DALLAS, Nov. 29 /PRNewswire/ -- Halliburton Company and Western Atlas International, Inc., a majority owned subsidiary of Litton Industries, Inc., announced today that the waiting period has expired under the Hart-Scott-Rodino Antitrust Act relating to the planned acquisition by Western Atlas of Halliburton's geophysical services and products business. The parties are therefore free to close the transaction from an antitrust standpoint. Completion of the sale is subject to negotiation and execution of a definitive agreement, receipt of other approvals and consents, and approval by boards of directors of the parties. It is expected that a definitive agreement will be signed by the end of 1993.
 Halliburton Company is one of the world's largest diversified energy services, engineering, maintenance, and construction companies. Founded in 1919, Halliburton provides a broad range of energy services and products, industrial and marine engineering and construction services, and property and casualty insurance services.
 -0- 11/29/93
 /CONTACT: Guy T. Marcus, vice president, investor relations, of Halliburton Company, 214-978-2691/
 (HAL LIT)


CO: Halliburton Company; Western Atlas International, Inc. ST: Texas IN: SU: TNM

CK -- NY059 -- 8322 11/29/93 13:11 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Nov 29, 1993
Words:185
Previous Article:SURGICAL CARE SETS DEC. 7 DEADLINE FOR TALKS WITH MEDICAL CARE AMERICA
Next Article:MOTOR COACH INDUSTRIES INTERNATIONAL, INC. DECLARES QUARTERLY DIVIDEND
Topics:

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters