Halliburton changes 3 1/8% convertibles to net share settlement

New York, Dec. 17 - Halliburton Co. said it amended its 3 1/8% convertible senior notes due 2023 to require net share settlement.

The Houston provider of services to the petroleum and energy industries will pay conversions in cash up to the principal amount.

By making the change, Halliburton is avoiding any potential dilution of earnings from a new accounting rule.

Halliburton implemented the net share settlement through a supplemental indenture.

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