Halliburton to pay $3.3B to buy back 68M shares from Dutch auction

|About: Halliburton Company (HAL)|By:, SA News Editor

Halliburton (HAL -0.3%) will pay $3.3B to buy back ~68M shares of its common stock, or about 7.4% of its outstanding shares, that were part of its Dutch auction tender offer which expired a week ago.

HAL had said last month it planned to spend $3.3B buying back the stock, then announced last week that 100.2M shares were tendered in the Dutch auction at $48.50/share or less.