KBR Sets Wheels Turning for Spin-Off from Halliburton
Keywords: news articles, costs, legislation, ENR, finance, engineering news-record, markets, equipment & materials
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Publication Date: 24-APR-06
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Article Description| KBR Inc., Houston, has filed registration papers with the U.S. Securities and Exchange Commission for an initial public stock offering, the first step by parent Halliburton Co. to spin off the engineering and construction giant. The April 14 filing stipulates that proceeds from the offering will first be used to pay off existing debt to Halliburton, with the rest to going for working capital. ... |
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