Replies to post #10009 on The Rising Influence of Rising Affluence

[DewDiligence]

SLB to acquire CAM for $14.8B in cash+stock:

http://finance.yahoo.com/news/schlumberger-announces-agreement-acquire-cameron-100000223.html

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

Based on the closing stock prices of both companies on August 25, 2015, the agreement places a value of $66.36 per Cameron share, representing a 37.0% premium to Cameron's 20-day volume weighted average price of $48.45 per share, and a 56.3% premium to Cameron's most recent closing stock price of $42.47 per share. Upon closing, Cameron shareholders will own approximately 10% of Schlumberger's outstanding shares of common stock.

CAM is +41% to ~$60, about 10% below the $66.36 nominal deal value. SLB is -5%.