Halliburton Says Tender Offer Oversubscribed - Quick Facts

(RTTNews) - Oilfield services provider Halliburton Co. (HAL, HAL.TO, HAL.F) announced the final results of its modified Dutch auction tender offer, which expired at 11:59 p.m., New York City time, on Thursday, August 22, 2013.

The tender offer was oversubscribed and, pursuant to the terms of the tender offer, shares were accepted on a pro rata basis, except for tenders of odd lots, which were accepted in full, and except for certain conditional tenders automatically regarded as withdrawn pursuant to the terms of the tender offer.

The company said it has been informed by the depositary that the proration factor for the tender offer, after giving effect to the priority for odd lots, is approximately 69.466%. The depositary will promptly pay for the shares accepted for purchase and will return all other shares tendered.

The company stated that it has accepted for purchase 68.04 million shares of its common stock at a purchase price of $48.50 per share, for an aggregate cost of $3.3 billion, excluding fees and expenses relating to the tender offer. These shares represent approximately 7.4% of the total number of shares of Halliburton common stock issued and outstanding as of August 26, 2013.