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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)
FEBRUARY 11, 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 February 11, 1997, registrant issued a press release entitled
Purchase of Devonport Royal Dockyard pertaining, among other things, to
registrant's announcement that Devonport Management Limited ((DML) has agreed to
purchase the share capital and assets of the Devonport Royal Dockyard Limited
from the United Kingdom government's Ministry of Defence for cash consideration
totaling 40.3 million British pounds (approximately $66.1 million). Registrant's
subsidiary, Halliburton Holdings Limited, will own 51% of DML.
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 February 11, 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: February 12, 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
February 11, 1997 5 of 6
Incorporated by Reference
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FOR IMMEDIATE RELEASE Contact: Guy T. Marcus
February 11, 1997 Vice President-Inv. Rel.
(214) 978-2691
PURCHASE OF DEVONPORT ROYAL DOCKYARD
DALLAS, Texas -- Halliburton Company (NYSE-HAL) announced today that
Devonport Management Limited (DML) has agreed to purchase the share capital and
assets of the Devonport Royal Dockyard Limited from the United Kingdom
government's Ministry of Defence for cash consideration totalling 40.3 million
British pounds (approximately $66.1 million).
Halliburton's subsidiary Halliburton Holdings Limited, the United Kingdom
parent of Brown & Root Limited, will own 51 percent of DML. The other owners of
DML will be The Weir Group plc (24.5 percent) and BICC PLC (24.5 percent).
Devonport Royal Dockyard, located in Plymouth, England, principally
provides repair and refitting services for the British Royal Navy's fleet of
submarines and surface ships. DML has operated the dockyard under a
"government-owned-contractor-operated" term contract since April 1987.
Following the dockyard acquisition, DML will continue to provide the large
majority of its services to the British Royal Navy.
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Dick Cheney, Halliburton Company's chairman of the board, president and
chief executive officer, said, "We are pleased that Halliburton is able to
participate in the United Kingdom's privatizaton of this important naval
facility. Because of Brown & Root's active involvement in the management and
operation of the dockyard during the past nine years we are confident that
private ownership will bring real benefits to the United Kingdom defense program
and provide DML's owners with a significant business enterprise."
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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