Halliburton Units Exit Bankruptcy Protection

Halliburton Co., the world’s largest oil field services company, said its DII Industries and Kellogg Brown & Root units exited bankruptcy protection, formalizing a $4.7-billion settlement of asbestos claims with more than 400,000 people.

The units filed for bankruptcy protection in December 2003 to win court approval of the settlement with people who claimed they were exposed to asbestos or silica.

Halliburton shares fell $1.22 to $38.02 on the NYSE.