Baker Hughes Sells Interest in Petreco
March 01 2004 - 5:05PM
PR Newswire (US)
Baker Hughes Sells Interest in Petreco HOUSTON, March 1
/PRNewswire-FirstCall/ -- Baker Hughes Incorporated (NYSE: BHI;
PCX; EBS) announced today that it has completed the sale of its
minority interest in Petreco International to Cooper Cameron
Corporation . The sales price was approximately $36 million. The
company does not believe the transaction is material to Baker
Hughes' financial condition or results of operations. Forward
Looking Statement This news release (and oral statements made
regarding the subjects of this release) contain forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended. The words "believe," and similar expressions
are intended to identify forward-looking statements. The Company's
expectations with regard to the impact of this transaction are
subject to various factors and conditions. The Company assumes no
obligation to update any of the information referenced in this news
release. There are many risks and uncertainties that could cause
actual results to differ materially. Baker Hughes is a leading
provider of drilling, formation evaluation, completion and
production products and services to the worldwide oil and gas
industry. NOT INTENDED FOR BENEFICIAL HOLDERS Contact: Gary R.
Flaharty (713) 439-8039 Kyle J. Leak (713) 439-8042 DATASOURCE:
Baker Hughes Incorporated CONTACT: Gary R. Flaharty,
+1-713-439-8039, or Kyle J. Leak, +1-713-439-8042, both of Baker
Hughes Incorporated Web site: http://www.bakerhughes.com/
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