Halliburton to Sell Unit to Tetra Tech

Halliburton Co. will sell its environmental services unit to Tetra Tech Inc. for $32 million in cash, the two companies said. Halliburton’s environmental business involves consulting, engineering and design services. Customers of the Dallas-based company include industrial clients as well as federal, state and local governments, primarily in the U.S. Pasadena-based Tetra Tech provides environmental and telecommunications support, including research and development, engineering and design, construction management, and operation and maintenance. Completion of the sale is subject to antitrust clearance. Halliburton and Tetra Tech seek to close the transaction by the end of 1997. Halliburton shares rose $2.94 to close at $58.31 on the NYSE; Tetra Tech shares rose $1.13 to $26.13 on Nasdaq.