Halliburton's final exchange ratio in offer with KBR is 1.5905

By Lisa Kerner

Charlotte, N.C., March 29 - Halliburton Co. said 1.5905 is the final exchange ratio in its exchange offer with KBR, Inc.

The exchange offer, announced on March 2 and slated to end Thursday, has been extended to April 2, according to a company news release.

Under the original offer, tendering stockholders would have received about $1.08 of KBR common stock for each $1.00 of Halliburton common stock.

Halliburton owns 135,627,000 shares of KBR common stock, or 81% of the company's outstanding shares.

The exchange offer is the final step in the separation of the engineering construction and services company from Halliburton, the company said.

Halliburton, based in Houston, provides products and services to the petroleum and energy industries.

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