IN THE UNITED STATES DISTRICT COURT
FOR THE DISTRICT OF COLUMBIA
UNITED STATES OF AMERICA,
Plaintiff,
v.
BAROID CORPORATION,
BAROID DRILLING FLUIDS, INC., DB STRATABIT (USA) INC., and
DRESSER INDUSTRIES, INC.;
Defendants.
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Civil Action No.: 93-2621(RCL)
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ORDER MODIFYING FINAL JUDGMENT
Having determined that it is in the public interest to do so, I hereby ORDER that the
Final
Judgment in this case be modified so that the second sentence of Paragraph V.F. reads as
follows:
During the life of this decree, the purchaser of Baroid's diamond bit business
(1) shall not sell that business to, or combine that business with the diamond
drill bit operations of, Dresser Industries, Inc. (now part of Halliburton
Company) or any of its affiliates or subsidiaries;
(2) shall not sell that business to, or combine that business with the diamond drill bit
operations of, Baker Hughes, Inc., Camco, Inc. (now part of Schlumberger Ltd.),
Smith International, Inc., or any of their affiliates or subsidiaries unless it complies with
the following notice provision: If such transaction is not otherwise subject to the
reporting and waiting period requirements of the Hart-Scott-Rodino Antitrust
Improvements Act of 1976, as amended, 15 U.S.C. § 18a (the "HSR Act"), the
purchaser of Baroid's diamond bit business shall provide such notification to plaintiff in
the same format as, and per the instructions relating to the Notification and Report
Form set forth in the Appendix to Part 803 of Title 16 of the Code of Federal
Regulations as amended. Notification shall be provided at least thirty (30) days prior to
the proposed sale or combination, and shall include, beyond what may be required by
the applicable instructions, the names of the principal representatives of the parties to
the agreement who negotiated the agreement, and any management or strategic plans
discussing the proposed transaction. If within the 30-day period after notification,
representatives of plaintiff make a written request for additional information, the
purchaser of Baroid's diamond bit business shall not consummate the proposed sale or
combination until twenty (20) days after submitting all such additional information.
Early termination of the waiting periods in this paragraph may be requested and, where
appropriate, granted in the same manner as is applicable under the requirements and
provisions of the HSR Act and rules promulgated thereunder. This Section shall be
broadly construed and any ambiguity or uncertainty regarding the filing of notice under
this Section shall be resolved in favor of filing notice.
DATE: ______________________ |
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United States District Judge
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