UPDATE 4-Halliburton says no deal yet with regulators on size of asset sales

Mon Jan 25, 2016 11:36am EST
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* Says sale process for planned divestiture continues

* Says in discussions with interested buyers

* Q4 adj profit tops analysts' estimates

* Says cut 4000 jobs in Q4 (Adds spokeswoman comment)

By Swetha Gopinath and Amrutha Gayathri

Jan 25 (Reuters) - Halliburton Co, which is awaiting regulatory approval for its acquisition of Baker Hughes Inc , said it was yet to reach an agreement with U.S. and European regulators about the "adequacy" of proposed divestitures.

Halliburton presented "an enhanced set of proposed divestitures" to the U.S. Department of Justice earlier this month, CEO Dave Lesar said on a post-earnings call.

The company reported a better-than-expected profit on Monday as deep cost cuts helped offset a drop in drilling activity.

Halliburton has also informally notified the European Commission and other jurisdictions of the new sale plan, Lesar said on the call.   Continued...