Halliburton, the second-largest U.S. oilfield services company, said on Tuesday its offer to exchange its shares for KBR stock was oversubscribed, with about 211 million shares tendered.
Dubai is again the flashpoint of a patriotism-versus-globalism debate. This time, it's not about a foreign firm encroaching on U.S. shores, but an American company shifting its headquarters to the emirate. And when the firm is oilfield-services provider Halliburton, everyone has an opinion.
Halliburton reported higher fourth-quarter profit before special items on Friday, just above analysts' estimates, as high energy prices stoked global demand for its oilfield services.