Private equity consortium Umbrellastream Ltd., led by U.K.-based Candover Group, increased its cash offer for oil and gas services company Expro International Group PLC to $3.5 billion. Expro shareholders already approved Umbrellastream’s earlier offer that valued the company at about $3.4 billion.
Halliburton Co., the Houston-based energy company, has been trading bids for the same British oil […]
June 14th, 2008 – Posted in Mining Stocks
Oilfield services company Halliburton Co. made a conditional bid of $3.36 billion for U.K.-based competitor Expro International Group PLC. The all-cash bid of $30.14 per share tops the $28.36 per share offer made in April from a consortium led by Candover Partners Limited, valuing the company at $3.16 billion.
Halliburton said it considers Expro’s subsea and flow […]
May 24th, 2008 – Posted in Oil and Gas
Oilfield services company Halliburton Inc. is expected to decide this week if it will launch a $3.5 billion counteroffer for its U.K. rival Expro International Group PLC, according to the Daily Telegraph. Halliburton has been conducting due diligence on the company since Expro agreed to accept a $28-per-share takeover offer from a consortium made up […]
May 20th, 2008 – Posted in General
Halliburton Co. is thinking about buying U.K.-based Expro International Group PLC in an all-cash deal. Halliburton confirmed talks with Expro after a private equity consortium led by London-based Candover Group said it will buy Expro for $3.2 billion. In a statement, Halliburton said its cash offer would top Candover’s but gave no specifics.
Expro provides services and products […]
April 19th, 2008 – Posted in Oil and Gas