DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - Haliburton bought Boots and Coots a few weeks before rig explosion

**Thunderzee** · 06-13-2010, 08:11 PM

Just fuel for the conspiracy theorists mind....

http://www.dailyfinance.com/story/in...oots/19435689/

By TOM TAULLI
Posted 10:30 AM 04/12/10

See full article from DailyFinance: http://srph.it/9MwFrU

In 1978, Edward "Coots" Matthews and Asger "Boots" Hansen founded Boots & Coots (WEL). Both were veteran oil-well firefighters. In fact, they provided inspiration for a 1968 film called Hellfighters, starring John Wayne.

But the days of independence have come to an end for Boots & Coots as the company has agreed to sell out to Halliburton (HAL) for $240.4 million. Shareholders will get $1.73 in cash and $1.27 in Halliburton stock for every share of Boots & Coots.

The company certainly has a distinguished history. It has been critical in dealing with many well fires, including those from Iraq's 1990 invasion of Kuwait. But given its relatively small size, Boots & Coots has been at a disadvantage. As a result, the stock price has been mostly lackluster over the years.

See full article from DailyFinance: http://srph.it/9MwFrU

06-13-2010, 08:11 PM	#1
Thunderzee Join Date Oct 2005 Posts 421 Senior Member	Haliburton bought Boots and Coots a few weeks before rig explosion Just fuel for the conspiracy theorists mind.... http://www.dailyfinance.com/story/in...oots/19435689/ By TOM TAULLI Posted 10:30 AM 04/12/10 See full article from DailyFinance: http://srph.it/9MwFrU In 1978, Edward "Coots" Matthews and Asger "Boots" Hansen founded Boots & Coots (WEL). Both were veteran oil-well firefighters. In fact, they provided inspiration for a 1968 film called Hellfighters, starring John Wayne. But the days of independence have come to an end for Boots & Coots as the company has agreed to sell out to Halliburton (HAL) for $240.4 million. Shareholders will get $1.73 in cash and $1.27 in Halliburton stock for every share of Boots & Coots. The company certainly has a distinguished history. It has been critical in dealing with many well fires, including those from Iraq's 1990 invasion of Kuwait. But given its relatively small size, Boots & Coots has been at a disadvantage. As a result, the stock price has been mostly lackluster over the years. See full article from DailyFinance: http://srph.it/9MwFrU
	Quote