SLB Eyes ChampionX Acquisition in a $7.8B All-Stock Deal [Yahoo! Finance]
ChampionX Corporation (CHX)
Company Research
Source: Yahoo! Finance
The agreement, which has received unanimous approval from ChampionX's board of directors, marks a significant development in the oil and gas industry. Strategic Alliance for Enhanced Production Solutions Per the terms of the agreement, ChampionX's shareholders will receive 0.735 shares of SLB common stock for each ChampionX share they own. Following the closing of the transaction, the shareholders are expected to own approximately 9% of SLB's outstanding shares of common stock. The acquisition comes at a pivotal time in the industry, with the production phase of oil and gas operations gaining increasing significance. Service providers are under pressure to address challenges across the entire production system while integrating emerging technologies such as AI and autonomous operations. Strategic Rationale and Vision Olivier Le Peuch, the CEO of SLB, emphasized the importance of the acquisition by underscoring the strategic focus on meeting increasing energy demand while adv
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CHX
News
- STOCKHOLDER ALERT: The M&A Class Action Firm Continues Investigating the Merger – KTRA, CHX, NVEI, ADTHGlobeNewswire
- ChampionX (CHX) Reports Q1 Earnings: What Key Metrics Have to Say [Yahoo! Finance]Yahoo! Finance
- ChampionX Reports First Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
- ChampionX Reports First Quarter 2024 ResultsGlobeNewswire
- Schlumberger Limited (NYSE:SLB) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
CHX
Earnings
- 4/24/24 - Beat
CHX
Sec Filings
- 4/25/24 - Form IRANNOTICE
- 4/25/24 - Form 10-Q
- 4/24/24 - Form 8-K
- CHX's page on the SEC website