Message #40 From:
NewsBot Date: November 21, 2006 08:53:00 AM
HAL News KBR, Inc. Closes Initial Public Offering
HOUSTON--(BUSINESS WIRE)--KBR (NYSE:KBR), the engineering, construction and services subsidiary of
Halliburton (NYSE:HAL), today announced that it has closed its initial
public offering of 32,016,000 shares of common stock at a price of
$17.00 per share. The number of shares of common stock issued at closing
included 4,176,000 shares subject to the underwriters’
over-allotment option. KBR received approximately $508 million of
proceeds from the offering, net of underwriting fees and estimated
expenses.
The lead underwriters for the offering were Credit Suisse Securities
(USA) LLC, Goldman, Sachs & Co., and UBS Securities LLC.
A copy of the final prospectus relating to the offering may be obtained
from:
KBR
Investor Relations
4100 Clinton Dr.
Houston, Texas 77020
Investors@KBR.com
Copies of the final prospectus may also be obtained from Credit Suisse
Securities (USA) LLC, Prospectus Department, One Madison Avenue, New
York, NY 10010, Tel: 212-325-2580; Goldman, Sachs & Co., Attention:
Prospectus Department, 85 Broad St., New York, NY 10004, Fax:
212-902-9316, prospectus-ny@ny.email.gs.com;
or UBS Securities LLC, Prospectus Department, 299 Park Avenue, New York,
NY 10171, Tel: 212-821-3000.
KBR is a global engineering, construction and services company
supporting the energy, petrochemicals, government services and civil
infrastructure sectors. The company serves its customers with a broad
range of services through two business segments, Energy and Chemicals,
and Government and Infrastructure.
Halliburton, founded in 1919, is one of the world’s
largest providers of products and services to the petroleum and energy
industries. The company serves its customers with a broad range of
products and services through its Energy Services Group and KBR.
This press release does not constitute an offer to sell or the
solicitation of any offer to buy any securities of KBR, nor shall there
be any sale of any such securities in any state or other jurisdiction in
which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or other jurisdiction.
