Industry: Buying Out a Giant

Though few Easterners know of it, Halliburton Co. of Dallas is a potent force in Southwestern business. Founded in 1921, Halliburton started out cementing oil wells, eventually branched into production of everything from transformer equipment to pneumatic handling gear for bulk materials. With 9,000 employees in 27 countries, Halliburton last year earned $16,780,000 on sales of $193,500,000. Last week, in a move calculated to thrust his company into the top echelon of U.S. corporations, Halliburton's President Loren B. Meaders (pronounced Medders), 55, announced that he was negotiating to buy Houston's Brown...

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