|
|
Article: United States: Halliburton Offers to Acquire Expro, Tops Candover, Goldman Bid.
- Article from:
- TendersInfo
- Article date:
- May 24, 2008
CopyrightCOPYRIGHT 2008 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: sujit03
Halliburton Co., the world's second- biggest oilfield contractor, offered 1.71 billion pounds ($3.4 billion) for Expro International Group Plc, topping a bid by Candover Partners Ltd., as record crude prices spur exploration.
Halliburton proposed 1,525 pence a share in cash, Expro said today in a statement. That's more than the 1,435 pence per share offer by Candover and Goldman Sachs Group Inc. on April 17. The Reading, U.K.-based company, which makes equipment to test deep-sea wells, rose to 1,552 pence in London trading, indicating investors expect a higher bid.
``This is not over as I think Candover will come back with ...