Candover agrees to higher Expro offer

LONDON (Reuters) - Funds managed by private equity firm Candover (CDI.L) and investment bank Goldman Sachs (GS.N) said they had raised their offer for oil field services company Expro International EXR.L to 1,550 pence a share.

The independent directors of Expro said they recommended the cash offer. Earlier on Friday, Expro said it had received a higher approach at 1,525p per share, worth 1.7 billion pounds, from U.S. rival Halliburton (HAL.N).

(Reporting by Mike Elliott)