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| Halliburton wishes to dispose of its interest in KBR Halliburton Company announced that its board has approved a plan to dispose of its remaining interest in KBR, Inc. through a split-off exchange offer to Halliburton's stockholders. US oil services giant will offer the 136 million shares of KBR common stock that it owns to Halliburton's stockholders in exchange for shares of Halliburton common stock at an exchange ratio to be determined by a specified formula. Halliburton will distribute to its stockholders by means of a special dividend, on a pro rata basis, any remaining shares of KBR common stock. Halliburton now owns about 81 percent of KBR. The exchange offer will be the final step in the separation of KBR from Halliburton and will result in two independent companies. write your comments about the article :: © 2007 Construction News :: home page |