Halliburton agrees to buy Boots & Coots

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NEW YORK (Reuters) - Halliburton (HAL.N) pronounced on Friday it concluded to buy Boots Coots (WEL.A), a association that provides vigour carry out services for oil and gas wells, in a batch and money understanding value about $240 million.

Deals

Halliburton pronounced Boots Coots shareholders will embrace about $3 for each share of Boots Coots they hold. That $3 consists of $1.73 in money and $1.27 in Halliburton stock, according to the matter from Halliburton.

Shares in Boots Coots sealed at $2.35, down about 1.3 percent. Halliburton shares sealed at $31.57, down 9 cents or about 0.3 percent.

The understanding will be accretive in the initial full year of operation, Halliburton said.

The second largest oilfield services association will emanate a new product use line mixing the existent coiled tubing and hydraulic workover operations with Boots Coots" involvement services and the vigour carry out business.

(Reporting by Elinor Comlay; modifying about Carol Bishopric)

Deals