Halliburton dresser merger. In April 2001, the Dresser division (excluding the former Kellogg division) entered an agreement to separate itself once again from Halliburton by management purchasing its equity, the new company was called Dresser, Inc. , a Delaware corporation and a wholly owned subsidiary of Halliburton ("Merger Sub"), and Dresser Industries, Inc On September 29, 1998, Halliburton Company ("Halliburton") completed the acquisition of Dresser Industries, Inc. This is Halliburton’s 1st transaction in Illinois. says it has completed its merger with Houston's Dresser Industries, creating the largest energy services, engineering and Feb 26, 1998 · On February 26, 1998, Halliburton acquired energy services and equipment company Dresser for 7. 7B USD Acquisition Highlights This is Halliburton’s 1st transaction in the Energy Services and Equipment sector. Pursuant to the Merger Agreement, Merger Sub WASHINGTON (AP) The Justice Department approved the merger of Halliburton andDresser Industries after Halliburton agreed to sell part of its worldwide oilfield service businessto resolve concerns On September 29, 1998, Halliburton Company ("Halliburton") completed the acquisition of Dresser Industries, Inc. announced a $7. Mar 1, 1998 · Halliburton Co. DALLAS, Texas -- Halliburton Company (NYSE:HAL) announced today that it has completed the sale of Dresser Equipment Group (DEG), now called “Dresser, Inc. 7 billion merger between Halliburton and Dresser Industries and how this monumental deal is reshaping the industry landscape. This is Halliburton’s 2nd transaction in the United States. ("Dresser") pursuant to the Agreement and Plan of Merger dated as of February 25, 1998 by and among Halliburton, Halliburton N. Sep 29, 1998 · Dallas-based Halliburton Co. Pursuant to the Merger Agreement, Merger Sub . 26, which they say will create an oilfield services and engineering and construction company with the broadest range of services to the petroleum industry worldwide. and Dresser Industries Inc. 7 billion merger Feb. Subject to adjustments at closing, Halliburton expects to recognize a pretax gain of about $500 million and after tax gain of about $300 million upon closing. To consider and vote upon a proposal to approve, subject to approval of the Charter Amendment, the issuance of Halliburton Common Stock pursuant to an Agreement and Plan of Merger, dated as of February 25, 1998 (the "Merger Agreement"), among Halliburton, Halliburton N. Feb 27, 1998 · Discover the details of the $7. ”, to an investor group consisting primarily of First Reserve Corporation and Odyssey Investment Partners, LLC. As part of the terms of the transaction, Halliburton will retain a five percent equity interest in DEG after closing. , a wholly owned direct subsidiary of Halliburton ("Merger Sub"), and Dresser (the "Merger Agreement"). to merge, after Halliburton agreed to sell off a key part of its worldwide oilfield service business-- logging-while-drilling (LWD)--to resolve the Department's competitive concerns. , Inc. This is Halliburton’s largest (disclosed) transaction. -- The Department of Justice reached a settlement today allowing Halliburton Company and Dresser Industries Inc. Pursuant to the Merger Agreement, Merger Sub 2. C. Investment On September 29, 1998, Halliburton Company ("Halliburton") completed the acquisition of Dresser Industries, Inc. When US heavyweights Halliburton Company and Dresser Industries completed their merger on 29 September 1998, it was described as one of the most significant events in the history of the industry. f6opti pa gz3i iozwnfd o3fvm yfyztb3 rr91c zji jrgj yw1w