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EQUIFAX AND HALLIBURTON COMPANY SIGN LETTER OF INTENT FOR ACQUISITION

EQUIFAX AND HALLIBURTON COMPANY SIGN LETTER OF INTENT FOR ACQUISITION
 ATLANTA, Aug. 3 /PRNewswire/ -- Equifax Inc. (NYSE: EFX) has signed a letter of intent with Halliburton Company (NYSE: HAL) to acquire all of the capital stock of Health Economics Corporation, a wholly owned subsidiary of Halliburton Company.
 The purchase by Equifax of HEC is subject to, and conditioned upon, the execution of a definitive agreement by Halliburton and Equifax. Terms of the potential acquisition were not disclosed.
 "Cost containment pressures are driving greater automation and information intensity in the healthcare industry. Healthcare information analysis, at which HEC excels, is a good fit with Equifax, a leader in the information industry," said C.B. Rogers Jr., Equifax president and chief executive officer.
 Health Economics Corporation, headquartered in Dallas, provides a broad range of healthcare cost management and analytical services to assist both business and government to control rapidly escalating costs.
 HEC services include utilization review, processing and management of claims, major case management, preferred provider organization management, healthcare data studies and other cost management services.
 The planned sale of HEC to Equifax is part of Halliburton Company's plans to more sharply focus its resources in its two core businesses: the Energy Services Group and the Engineering and Construction Services Group.
 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.
 Equifax Inc. is the leading provider of information for consumer financial transactions. Established in 1899 in Atlanta, Equifax today has 12,000 employees in the United States, Canada and Europe. Equifax provides information services and automated systems that help its customers grant credit, insure lives and property, select new employees, market offers of credit, and complete other transactions that benefit the economy, business and consumers. Equifax's revenues for the year ended Dec. 31, 1991, were more than $1 billion.
 -0- 8/3/92
 /CONTACT: David Mooney of Equifax, 404-885-8117/
 (EFX HAL) CO: Equifax Inc.; Halliburton Company ST: Georgia, Texas IN: FIN SU: TNM


EA-BR -- AT005 -- 6136 08/03/92 11:59 EDT
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Publication:PR Newswire
Date:Aug 3, 1992
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