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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)
MARCH 27, 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 March 27, 1997, registrant issued a press release
entitled Halliburton's Offer to Acquire OGC Accepted pertaining,
among other things, to an announcement that 97.4% of the holders
of outstanding shares of OGC International plc have accepted
registrant's offer to purchase all of the outstanding shares of
OGC. Registrant will pay 1.193 UK pounds ($1.94) for each OGC
share on April 3, 1997. Although the offer remains open until
further notice, any remaining shares of OGC will be acquired by
Halliburton pursuant to UK law which allows compulsory
acquisition of such shares on the same terms as the offer. The
total purchase price will be approximately $118 million.
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 March 27, 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: March 27, 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
March 27, 1997 5 of 5
Incorporated by Reference
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FOR IMMEDIATE RELEASE Contact - Guy T. Marcus
March 27, 1997 Vice President-Inv. Rel.
(214) 978-2691
HALLIBURTON'S OFFER TO ACQUIRE OGC ACCEPTED
DALLAS, Texas -- Halliburton Company (NYSE-HAL) announced
today that holders of 97.4% of the outstanding shares of OGC
International plc have accepted Halliburton's offer to purchase
all of the outstanding shares of OGC. Such offer is now
unconditional and Halliburton will pay 1.193 UK pounds ($1.94)
for each share of OGC on April 3, 1997. Although the offer
remains open until further notice, any remaining shares of OGC
will be acquired by Halliburton pursuant to UK law which allows
compulsory acquisition of such shares on the same terms as the
offer. The total purchase price will be approximately $118
million.
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.
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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