HOUSTON, Dec. 1 /PRNewswire-FirstCall/ -- On November 30, 2004, Weatherford International Ltd. (NYSE: WFT) sold 4,000,000 shares of Universal Compression Holdings, Inc.'s (NYSE: UCO) common stock for a net price of $35.45 per share, or total net proceeds of $141,800,000. These shares were sold pursuant to an effective registration statement filed by Universal Compression under the Securities Act of 1933. Immediately following this sale, Weatherford International Ltd. owns 6,750,000 shares, or approximately 21% of Universal's outstanding common stock.
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Weatherford is one of the largest global providers of innovative mechanical solutions, technology and services for the drilling and production sectors of the oil and gas industry. Weatherford operates in 108 countries and employs approximately 18,000 people worldwide.
SOURCE Weatherford International Ltd.
CONTACT: Lisa W. Rodriguez, Chief Financial Officer, +1-713-693-4746, or
Andrew P. Becnel, Vice President-Finance, +1-713-693-4136, both of Weatherford
International Ltd.
Web site: http://www.weatherford.com
(WFT UCO)