HOUSTON (AP) - Halliburton today confirmed it's talked with
European contractor Expro International Group about a possible
all-cash purchase of the overseas outfit.
Houston-based Halliburton's update came one day after a
consortium led by London-based Candover Group said it will buy
Expro International for 3.2 billion dollars.
In a statement, Halliburton said its cash offer would top the
one made by Candover but gave no specifics.
Halliburton, which provides services and equipment to oil and
natural gas companies, sees Expro's sub-sea and flow management
sector to be an area of potential expansion.
(Copyright 2008 by The Associated Press. All Rights Reserved.)