Schlumberger Says Soft Demand And Pricing To Continue Into Q4 In North America - Conf Call [Reuters]
WEATHERFORD INTL (WFT)
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Source: Reuters
Schlumberger NV (SLB.N) Key Developments | Reuters.com Aug 22 (Reuters) - Schlumberger NV ::SHEARWATER TO ACQUIRE SCHLUMBERGER MARINE SEISMIC ACQUISITION BUSINESS.TO RECEIVE CASH CONSIDERATION BASED ON ENTERPRISE VALUE OF $600 MILLION PLUS 15% POST-CLOSING EQUITY INTEREST IN SHEARWATER GEOSERVICES HOLDING.WILL HAVE OPTION TO UTILIZE TWO VESSELS FROM SHEARWATER ON POTENTIAL MULTICLIENT WORK FOR FIRST TWO YEARS AFTER CLOSING TRANSACTION.PARTIES EXPECT TO CLOSE TRANSACTION IN Q4 OF 2018.TRANSACTION INCLUDES MARINE SEISMIC VESSELS, PROPRIETARY ACQUISITION TECHNOLOGY AND FACILITIES.ADDITIONAL $50 MILLION OF CASH WILL BE INJECTED IN SHEARWATER FOR WORKING CAPITAL PURPOSES, TOTAL CASH FUNDING REQUIREMENT FOR TRANSACTION TO $650 MILLION.$600 MILLION IN CASH CONSIDERATION,$50 MILLION FOR WORKING CAPITAL PURPOSES TO BE FUNDED BY $325 MILLION IN NEW CASH EQUITY,$325 MILLION IN DEBT FINANCING. Full Article July 20 (Reuters) - Schlumberger NV ::SAYS EFFECTIVE TAX RATE WILL RISE NEXT QUARTER AND
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