Boots & Coots Stockholders Approve Merger with Halliburton
16 September 2010 - 6:03AM
Business Wire
Boots & Coots, Inc. (NYSE Amex: WEL) today announced that
its stockholders approved the adoption of the merger agreement
providing for the merger of Boots & Coots with and into a
wholly owned subsidiary of Halliburton Company at Boots &
Coots’ Special Meeting held earlier today.
Over 60% of the outstanding shares of Boots & Coots Common
Stock voted in favor of the merger proposal.
Boots & Coots and Halliburton anticipate closing the
transaction on or about September 17, 2010, subject to the
satisfaction or waiver of other previously disclosed closing
conditions.
About Boots & Coots
Boots & Coots, with its headquarters in Houston, Texas,
provides a suite of integrated pressure control services to onshore
and offshore oil and gas exploration companies around the world.
Boots & Coots’ products and services include well intervention
services designed to enhance production for oil and gas operators.
These services consist primarily of hydraulic workover and snubbing
services. Boots & Coots’ equipment services segment provides
high pressure, high temperature rental tools. The company’s
pressure control services are designed to reduce the number and
severity of critical events such as oil and gas well fires,
blowouts or other incidences due to loss of control at the well.
This segment consists primarily of the company’s Safeguard
prevention and emergency response services. Additional information
can be found at www.boots-coots.com.
Certain statements included in this news release are intended as
"forward-looking statements" under the Private Securities
Litigation Reform Act of 1995. Boots & Coots cautions that
actual future results may vary materially from those expressed or
implied in any forward-looking statements. More information about
the risks and uncertainties relating to these forward-looking
statements are found in Boots & Coots' SEC filings, which are
available free of charge on the SEC's web site at www.sec.gov.
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