Expro International Group receives conditional takeover bid from Halliburton

Expro International Group PLC received a $3.36 billion bid from Halliburton Energy Services (NYSE: HAL), a United States-based multinational corporation.

The Houston-based company made the largest offer giving 1525 pence ($30.14) per share.

The Halliburton’s proposal “does not yet constitute a firm intention to make an offer" and was subject to preconditions.

Energy Services, the company's historical cornerstone, includes drilling & formation evaluation, digital & consulting solutions, production volume optimization, and fluid systems. This business continues to be profitable, and the company is one of the world's largest players in this industry; Schlumberger is its closest competitor followed by Baker Hughes, Tesco Corporation and Weatherford International.

The first rumors of possible takeover bid for Uk based Expro Group appeared already in 2007.

Photo: www.primrose-group.com

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Author`s name Editorial Team