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Examples
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The bidding war comes before a June 2 meeting at which Expro shareholders are due to hold a nonbinding vote on the Umbrellastream agreement.
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Expro had earnings of £49.8 million for the year ended March 31 on revenue of £609.7 million.
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Halliburton has been talking to Expro since at least April, when the company first said it was considering a bid.
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On Friday, Halliburton said it plans to offer £1.71 billion ($3.38 billion), or £15.25 a share, to acquire Expro.
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Analysts who follow Halliburton have mostly liked the idea of buying Expro, but some have questioned the price.
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Halliburton didn't immediately make a counteroffer but said it "continues to be in discussions" with Expro's board and urged Expro shareholders not to take any action.
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In 2004, it sold part of its well-testing division to Power Well Service Holdings LLC, which was later sold to Expro.
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Halliburton has yet to make a formal offer for Expro.
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Expro closed up 5.5% at 1,626 pence on the London Stock Exchange -- 4.9% above Umbrellastream's most recent offer.
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Expro is a leader in subsea well testing, an area in which Halliburton lags behind larger rival Schlumberger, and is focused outside of North America, which meshes with Halliburton's stated goal of expanding overseas.
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