Halliburton to float KBR

Robinson, Simon
July 2006
ICIS Chemical Business;7/31/2006, Vol. 1 Issue 30, p14
Trade Publication
The article reports on the plan of Halliburton to spin off Kellogg Brown & Root to shareholders following unexpected problems with the planned initial public offering (IPO) of the engineering and construction subsidiary. According to CEO Dave Lesar, a weakening of the IPO market and cost overruns on a KBR project for Chevron in Nigeria caused the change in strategy.


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