Exterran Holdings delays corporate spin-off

Exterran Holdings, Inc. is a specialist in the provision of operations, maintenance, service and equipment for oil and gas production, processing and transportation applications. The company previously announced that it was to spin-off of its international services and global fabrication businesses into a stand-alone publicly traded company named Exterran Corporation with an original record date of 22 July and distribution date of 31 July 2015.

The company has, however, recently announced that these dates will change. Exterran Holdings remains committed to closing the spin-off as soon as practicable. The company will announce a new record date and provide an update on its expectations for the commencement of when-issued trading and the distribution date as soon as new dates are decided.

Edited from source by Elizabeth Corner

Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/24072015/exterran-holdings-delays-corporate-spin-off/