Halliburton may wreck Candover deal

The oil and gas giant is compiling due diligence on Expro, the FTSE 250 oil and gas company, although it will need to trump a large premium offered in an agreed bid by Candover.

Halliburton, the US oil giant, is considering a higher bid for Expro, the FTSE 250-listed oil and gas distribution company, than a consortium led by Candover, the European buyout firm, according to a regulatory statement. The consortium agreed its £1.61 billion (€2 billion; $3.19 billion) offer for the company yesterday.

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