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Schlumberger (NYSE:SLB) is acquiring oilfield equipment maker Cameron

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Timothy Smith   Wednesday, 08/26/15 10:25:43 AM
Re: crudeoil24 post# 12
Post # of 21 
Schlumberger (NYSE:SLB) is acquiring oilfield equipment maker Cameron International (NYSE:CAM) in a stock and cash transaction valued at $14.8B.

Under the terms of the agreement, Cameron shareholders will receive 0.716 shares of Schlumberger common stock and a cash payment of $14.44 for each share held.

The deal represents a 56.3% premium to Cameron's closing stock price on Tuesday.


Purely My Own Opinion. Do Your Own Due Diligence.

“Formula for success: rise early, work hard, strike oil.” - J. Paul Getty
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