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Komatsu Limited and Dresser Industries established Komatsu Dresser to make mining tractors, construction equipment and related equipment. [15] This 50-50 ownership lasted from September 1988 to August 1994, when Komatsu bought out Dresser's share. [15] By 1993, it generated sales of more than US$4 billion, and employed 31,800 people in fifty ...
Wellstream was acquired by Dresser Industries in 1995 and subsequently became part of Halliburton when it merged with Dresser in 1998. Halliburton sold off Wellstream to a Candover -led consortium for $136 million in 2003, [ 3 ] which in turn listed the firm on the London Stock Exchange in April 2007. [ 4 ]
After Halliburton acquired Dresser Industries, KBR was created in 1998 when M.W. Kellogg merged with Halliburton's construction subsidiary, Brown & Root, to form Kellogg Brown & Root. In 2006, the company separated from Halliburton and completed an initial public offering on the New York Stock Exchange. [4]
In 1998, Halliburton merged with Dresser Industries, which included Kellogg. Prescott Bush was a director of Dresser Industries, which is now part of Halliburton; his son, former president George H. W. Bush , worked for Dresser Industries in several positions from 1948 to 1951, before he founded Zapata Corporation .
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The company sold its remaining stock in Omega Proteine on December 1, 2006, leaving it with no active subsidiary. [29] The Glazer family sold its controlling stock of the Zapata Corporation to Philip Falcone's Harbinger Capital in 2009, [30] [31] and the company's name was changed to Harbinger Group Inc. with the ticker symbol HRG on the NYSE. [32]
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Every investor in Standard Industries Limited (NSE:SIL) should be aware of the most powerful shareholder groups. Institutions often own shares in more established companies, while it’s not ...