Warning From Halliburton

Halliburton Co. said it recommend its shareholders to reject a discounted tender offer suggested by TRC Capitals, a Canadian investment company, which intends to purchase up to 3 million Halliburton shares.

The reason of such a recommendation is that it is not the first such an offer from TRC, which are third-party bids to acquire less than 5 percent of a company's stock, bypassing federal regulations on offers for more than 5 percent of shares.

Some bidding companies are known to make a mini tender offer at the prices lower than market ones, in hopes of catching shareholders before they can compare the offer with the current stock price, according to investor advice from the Securities and Exchange Commission.

Shareholders who have already accepted the offer may withdraw their shares before TRC Capital's offer expires Nov. 3 at midnight, Halliburton said.