Halliburton (HAL) is announcing the acquisition of Multi-Chem, a provider of oilfield production...

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

Halliburton (HAL) is announcing the acquisition of Multi-Chem, a provider of oilfield production and completion chemicals, and expects to close the deal in Q4. Halliburton shares are down 4.1% today, though this may simply be the result of the broader decline in oil stocks, as NYMEX crude falls to $85.28/barrel.