FOR IMMEDIATE RELEASE Contact Guy T. Marcus Edward P. Delson
July 14, 1997 VP-Inv. Rel. Sr. VP-CFO
Halliburton NUMAR
(214) 978-2691 (610) 251-0116
HART-SCOTT-RODINO ANTITRUST CLEARANCE FOR NUMAR
DALLAS, Texas -- Halliburton Company (NYSE:HAL) and NUMAR Corporation
(NASDAQ:NUMR) said today that the waiting period for Hart-Scott-Rodino
anti-trust review of Halliburton's planned acquisition of NUMAR Corporation
lapsed as of July 13, 1997. Both companies stated that they expect the
acquisition to close in the 1997 third quarter, following completion of SEC
review of NUMAR's proxy statement for a special shareholders meeting and
assuming approval of the acquisition by NUMAR shareholders at such meeting. The
date of such shareholders meeting has not been set, but will take place as soon
as practicable.
NUMAR is the world leader and pioneer in the design, manufacture, and
marketing of commercial applications of magnetic resonance imaging ("MRI")
technology for oil and gas exploration and development. NUMAR's patented
proprietary device, the MRIL( tool, applies MRI technology to fluid estimation
and formation evaluation in newly-drilled oil and gas wells to improve estimates
of reserve and well productivity.
-more-
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Halliburton Company is one of the world's largest diversified energy
services, engineering, maintenance, and construction companies. Founded in 1919,
Halliburton provides a broad range of energy services and products, industrial
and marine engineering and construction services.
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The Exhibit Index Appears on Page 4