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Halliburton in £1.7bn all-cash offer for Expro

By Lina Saigol, M&A Editor

Published: May 23 2008 03:00 | Last updated: May 23 2008 03:00

The battle to gain control of Expro International intensified last night after Halliburton made a £1.7bn all-cash takeover proposal for the oil services group, trumping a bid from a private equity consortium.

The US group is offering £15.25 a share for Expro on the condition that it is allowed to carry out further due diligence, according to people with knowledge of the situation.

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