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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT (date of earliest event reported)
JANUARY 29, 1997
Halliburton Company
(Exact name of registrant as specified in its charter)
State or other Commission IRS Employer
jurisdiction File Number Identification
of incorporation Number
Delaware 1-3492 No. 75-2677995
3600 Lincoln Plaza
500 North Akard Street
Dallas, Texas 75201-3391
(Address of principal executive offices)
Registrant's telephone number,
including area code - 214/978-2600
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INFORMATION TO BE INCLUDED IN REPORT
Item 5. Other Events
The registrant may, at its option, report under this item any events,
with respect to which information is not otherwise called for by this form, that
the registrant deems of importance to security holders.
On January 29, 1997, registrant issued a press release entitled
Halliburton to Acquire OGC International pertaining, among other things, to an
announcement that registrant has offered to purchase all of the outstanding
shares of OGC International plc. The offered cash purchase price is 1.193 UK
Pounds per share ($1.94) representing a total purchase price of approximately
$117.9 million if all shares are purchased.
The foregoing summary is subject to the full text of the press release
with respect thereto, a copy of which is attached hereto as Exhibit 20, which
exhibit is incorporated herein by reference.
Item 7. Financial Statements and Exhibits
List below the financial statements, pro forma financial information
and exhibits, if any, filed as part of this report.
(c) Exhibits.
Exhibit 20 - Press release dated January 29, 1997.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
HALLIBURTON COMPANY
Date: January 29, 1997 By: /s/ Susan S. Keith
----------------------------------
Susan S. Keith
Vice President, Secretary and
Corporate Counsel
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EXHIBIT INDEX
Exhibit Sequentially
Number Description Numbered Page
20 Press Release of
January 29, 1997 5 of 6
Incorporated by Reference
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FOR IMMEDIATE RELEASE Contact - Guy T. Marcus
January 29, 1997 Vice President-Inv. Rel.
(214) 978-2691
HALLIBURTON TO ACQUIRE OGC INTERNATIONAL
DALLAS, Texas -- Halliburton Company (NYSE-HAL) announced today that it has
offered to purchase all of the outstanding shares of OGC International plc, a UK
company traded on the London Stock Exchange. The offered cash purchase price is
1.193 UK Pounds per share ($1.94) representing a total purchase price of
approximately $117.9 million if all shares are purchased.
OGC's board of directors has recommended that OGC's shareholders accept
this offer and holders of approximately 40 percent of OGC's shares have
irrevocably agreed to tender their shares at such price to Halliburton Company.
OGC is engaged in providing a variety of engineering, operations and
maintenance services, primarily to the North Sea oil and gas production
industry. In 1995 OGC had revenues equivalent to $378.2 million and pre-tax
profit equivalent to $23.1 million. For the six months ended June 30, 1996, the
company had revenues equivalent to $148.1 million and pre-tax profit equivalent
to $4.4 million. At June 30, 1996 OGC had total shareholders' equity equivalent
to $59.9 million.
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Dick Cheney, chairman of the board and chief executive officer of
Halliburton Company, said, "OGC is a good strategic fit for Halliburton and
strengthens our position as a leading provider of integrated services to the
petroleum industry. The acquisition of OGC provides a major opportunity for us
to grow OGC's business in the United Kingdom and overseas."
Halliburton Company is one of the world's largest diversified energy
services, engineering, maintenance, and construction companies. Founded in 1919,
Halliburton provides a broad range of energy services and products, industrial
and marine engineering and construction services.
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