Halliburton Announces Preliminary Results of Merger Consideration Elections

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Halliburton
HAL
announced today the preliminary results of the merger consideration elections made by stockholders of Boots & Coots
WEL
as to the form of merger consideration they wish to receive in connection with the acquisition of Boots & Coots by Halliburton. Halliburton anticipates closing the acquisition on September 17, 2010, assuming that Boots & Coots stockholders approve the transaction at a special meeting scheduled for September 15, 2010. Based on available information, as of the election deadline of 5:00 p.m., New York time, on September 7, 2010, the preliminary results of election are as follows: -- All Cash Elections: Elections to receive 100% cash for each share of Boots & Coots common stock were made with respect to approximately 28.7 million shares of Boots & Coots common stock (approximately 34.7% of the outstanding shares of Boots & Coots common stock); -- All Stock Elections: Elections to receive 100% Halliburton common stock for each share of Boots & Coots common stock were made with respect to approximately 5.0 million shares of Boots & Coots common stock (approximately 6.0% of the outstanding shares of Boots & Coots common stock); -- Mixed Elections: Elections to receive a combination of cash and Halliburton common stock for each share of Boots & Coots common stock were made with respect to approximately 1.4 million shares of Boots & Coots common stock (approximately 1.7% of the outstanding shares of Boots & Coots common stock); and -- Non-Elections: No election was made with respect to approximately 47.7 million shares of Boots & Coots common stock (approximately 57.6% of the outstanding shares of Boots & Coots common stock). Boots & Coots shares with respect to which no election was made will be treated as Mixed Election shares.
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