UK – Halliburton goes head to head with Candover for Expro

Francinia
23 May 2008

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According to reports, US oil-field services giant Halliburton has launched an all-cash offer for listed British rival Expro International valued at ТЃ1.7bn, surpassing the ТЃ1.61bn bid presented by a consortium led by Candover last month.

If completed the deal, which represents a price of 1.525 pence per share, would give Halliburton access to new technologies, allowing it to improve its sales outside the US.

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