Boots & Coots Buyout (WEL, HAL)

Posted in pre-market 
April 12th, 2010

If you have followed oil and gas services and clean-ups for some time, you know about Boots & Coots, Inc. (AMEX: WEL).  A founder of the company recently died at age 86 over the last couple of weeks and this morning comes word of a buyout. Halliburton (HAL) is acquiring Boots & Coots for $3.00 per share, which is made of of $1.73 in cash and $1.27 in stock.  Shares are up 25% at $2.95 on about 80,000 shares as of 8:18 AM EST.

JON C. OGG

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