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Singapore's Keppel Offshore & Marine agrees to acquire

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Timothy Smith   Monday, 08/31/15 07:15:10 PM
Re: GREEN MAKER post# 19
Post # of 21 
Singapore's Keppel Offshore & Marine agrees to acquire Cameron International's (NYSE:CAM) offshore rig business for $100M.

The business consists of CAM's LeTourneau jackup rig designs, its rig kit business and aftermarket services; Keppel says the LeTourneau designs have been popular with certain market segments and will help it expand its suite of jackup rig offerings.

CAM is set to be acquired by Schlumberger in a $14.8B deal.

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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