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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)
MAY 28, 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 May 28, 1997, registrant issued a press release entitled
Halliburton to Acquire Kinhill Holdings pertaining, among other
things, to an announcement that registrant's Brown & Root Pty
Ltd business unit has offered to purchase for cash all of the
outstanding shares of Kinhill Holdings Limited, an Australian
public company. The offered cash purchase price is AUD 1.64 per
share (about $1.25 U.S.). The consideration, including the
purchase of outstanding options and convertible notes, will total
about $34 million U.S. The offer will be made by Brown & Root to
Kinhill shareholders within the next few days and the
shareholders will have 30 days to accept. Brown & Root has
already acquired control of 19.99 percent of the issued shares of
Kinhill as well as some convertible notes and an existing option
to subscribe to 1,375,000 shares.
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 May 28, 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: May 28, 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
May 28, 1997 5 of 6
Incorporated by Reference
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FOR IMMEDIATE RELEASE Contacts-Guy T. Marcus Barbara Johnson
May 28, 1997 VP - Inv. Rel. Media Rel.
(214)978-2691 (713)676-8097
HALLIBURTON TO ACQUIRE KINHILL HOLDINGS
DALLAS, Texas -- Halliburton Company (NYSE-HAL) announced
today that its Brown & Root Pty Ltd business unit has offered to
purchase for cash all of the outstanding shares of the
engineering group Kinhill Holdings Limited, an Australian public
company. The offered cash purchase price is AUD1.64 per share
(about $1.25 U.S.). The consideration, including the purchase of
outstanding options and convertible notes, will total about $34
million U.S.
Brown & Root will make the offer to Kinhill shareholders
within the next few days, who will then have 30 days to accept.
Brown & Root already has acquired control over 19.99 percent of
the issued shares of Kinhill, as well as some convertible notes
and an existing option to subscribe to 1,375,000 shares. The
directors and staff of Kinhill and their related interests hold a
major stake in the company.
Kinhill, one of Asia's largest engineering services groups,
had operating revenues for their most recent fiscal year ended
June 30, 1996 of about $123.5 million U.S. (based on current
exchange rates) and after-tax profits were $2.1 million.
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"Kinhill is a strategic fit for Halliburton's Brown & Root
business operations in the Asia/Pacific region," says Dick
Cheney, chairman of the board, president and chief executive
officer of Halliburton Company. "Their proven engineering record
in mining and minerals processing, petroleum and chemicals, water
and wastewater, transportation and commercial and civil
infrastructure fits well with our growth strategy. Kinhill
already has substantial operational experience in markets in
Australia, Indonesia, Thailand, Singapore, India and the
Philippines."
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. Brown & Root is
the engineering and construction arm of Halliburton Company.
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