Exterran to begin trading on NYSE

By Lisa Kerner

Charlotte, N.C., Aug. 20 - The merger of equals between Hanover Compressor Co. and Universal Compression Holdings, Inc. is complete.

Effective Tuesday, the common stock of the newly combined company, Exterran Holdings, Inc., will trade on the New York Stock Exchange under the symbol "EXH." Hanover and Universal will cease trading.

Each common share of Hanover will be converted to 0.325 of a share of Exterran, and each common share of Universal will be converted to one common share of Exterran.

Shareholders of both companies approved the deal, first announced in February, on Thursday.

Houston-based Exterran provides full-service natural gas compression as well as services and equipment for oil and gas production, processing and transportation. The company has 11,000 employees and operates in more than 30 countries.

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