Halliburton (NYSE: HAL) has made a conditional offer to Expro International, a British oil field services company, to acquire the company for 1.7 billion pounds (about $3.36 billion).
What is interesting is that Expro had previously agreed to a bid of 1.61 billion pounds from private equity funds which included Goldman Sachs (NYSE: GS).
So far, Expro has maintained that this latest news does not yet constitute a firm intention to make an offer and that it has pre-conditions to it.
With a $42 Billion market cap, Halliburton could easily absorb this. Halliburton shares are unchanged in early pre-market hours.
Jon C. Ogg
May 23, 2008
Sponsored: Want to Retire Early? Here’s a Great First Step
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
