Halliburton Completes Sale of ShawCor Shares
HOUSTON, Dec. 17 /PRNewswire-FirstCall/ -- Halliburton (NYSE: HAL) announced today the completion of the sale of 7,723,996 ShawCor Ltd. (TSX: SCL.A, SCL.B) Class A Subordinate shares for approximately $64 million. The shares were received as partial consideration for the September 30, 2002, sale of Halliburton's interest in Bredero-Shaw to its partner, ShawCor Ltd. The sale of its interest in Bredero-Shaw, which is the world's largest pipecoating company, and the sale of the ShawCor Ltd. shares are part of Halliburton's previously announced plan to divest non-strategic assets.
Halliburton, founded in 1919, is one of the world's largest providers of products and services to the petroleum and energy industries. The company serves its customers with a broad range of products and services through its Energy Services Group and Engineering and Construction Group business segments. The company's World Wide Web site can be accessed at www.halliburton.com .
SOURCE Halliburton
/CONTACT: Cedric Burgher, Vice President, Investor Relations, +1-713-676-4608, or Wendy Hall, Manager, Media Relations, +1-713-676-5227, both of Halliburton/