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1. seekingalpha.com › article › 4681942-champion-moveChampion Move: Why SLB's Acquisition Makes It An Even Bigger ...

   seekingalpha.com › article › 4681942-champion-move

   Apr 3, 2024 · On April 2, SLB agreed to officially acquire its smaller rival, oilfield service provider ChampionX, in a $7.8 billion all-stock deal. According to Bloomberg, this deal values ChampionX at $40.59 ...

2. www.reuters.com › markets › dealsSLB to buy ChampionX for $8 billion in growing deal-making in ...

   www.reuters.com › markets › deals

   Apr 2, 2024 · Top oilfield services company SLB said on Tuesday it will buy smaller rival ChampionX in an all-stock deal valued at $7.75 billion, amid growing consolidation in the North American energy sector.

3. seekingalpha.com › article › 4684986-schlumbergerSchlumberger Has Significant Upside Potential With ChampionX

   seekingalpha.com › article › 4684986-schlumberger

   Apr 21, 2024 · Summary. Schlumberger announced their acquisition of ChampionX on April 1, 2024, adding significant upside potential to both firms by bringing production chemicals to the international market ...

   • Author: Michael Del Monte

4. www.slb.com › news-and-insights › newsroomSLB Announces Agreement to Acquire ChampionX in an All-Stock ...

   www.slb.com › news-and-insights › newsroom

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   Apr 2, 2024 · SLB will increase its total returns to shareholders to a target of $3 billion in 2024; sets target for returns to shareholders of $4 billion in 2025. HOUSTON, April 02, 2024 —SLB (NYSE: SLB) and ChampionX Corporation (NASDAQ: CHX) today announced a definitive agreement for SLB to purchase ChampionX in an all-stock transaction.

5. en.wikipedia.org › wiki › SLB_Acquisition_Holdings_LLCSLB Acquisition Holdings LLC - Wikipedia

   en.wikipedia.org › wiki › SLB_Acquisition_Holdings_LLC

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   SLB Acquisition Holdings, LLC is a consortium based in St. Louis, Missouri. It was founded in 2012 by American businessman Thomas H. Stillman and 15 local investors including the former US UN ambassador and senator John C. Danforth .

6. finance.yahoo.com › news › slb-announces-agreementSLB Announces Agreement to Acquire ChampionX in an All-Stock ...

   finance.yahoo.com › news › slb-announces-agreement

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   Apr 2, 2024 · SLB will increase its total returns to shareholders to a target of $3 billion in 2024; sets target for returns to shareholders of $4 billion in 2025. HOUSTON, April 02, 2024 -- (BUSINESS WIRE ...

7. People also ask

   Who owns SLB Acquisition Holdings?

   • SLB Acquisition Holdings, LLC is a consortium based in St. Louis, Missouri. It was founded in 2012 by American businessman Thomas H. Stillman and 15 local investors including the former US UN ambassador and senator John C. Danforth .

   SLB Acquisition Holdings LLC - Wikipedia

   en.wikipedia.org/wiki/SLB_Acquisition_Holdings_LLC

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   Why did SLB announce a $7 billion acquisition?

   • In addition to the acquisition announcement, SLB unveiled plans to return $7 billion to shareholders over the next two years. This commitment highlights the company's confidence in the transaction’s (potential) value creation and its ability to generate strong cash flow from its expanded portfolio.

   SLB Eyes ChampionX Acquisition in a $7.8B All-Stock Deal - Yahoo Fina…

   finance.yahoo.com/news/slb-eyes-championx-acquisition-7-131300689.html

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   Will SLB return $3 billion in 2024?

   • SLB is highly confident that it can achieve these goals, as it also noted plans to return $3 billion to shareholders in 2024 and $4 billion in 2025, driven by incremental buybacks, organic free cash flow growth, and proceeds from the ChampionX business.

   Champion Move: Why SLB's Acquisition Makes It An Even Bigger Steal

   seekingalpha.com/article/4681942-champion-move-why-slbs-acquisition-makes-it-an-even-bigger-steal

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   Will SLB buy championx?

   • April 2 (Reuters) - Top oilfield services company SLB (SLB.N) said on Tuesday it will buy smaller rival ChampionX (CHX.O) in an all-stock deal valued at $7.75 billion, amid growing consolidation in the North American energy sector.

   SLB to buy ChampionX for $8 billion in growing deal-making in US ener…

   www.reuters.com/markets/deals/slb-buy-championx-77-bln-all-stock-deal-2024-04-02/

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   When will SLB close?

   • It is anticipated that the closing of the transaction will occur before the end of 2024. SLB also announced today that it will return $7 billion to shareholders over the next two years. SLB will increase its 2024 shareholder returns to a target of $3 billion as well as set a target for 2025 shareholder returns of $4 billion.

   SLB Announces Agreement to Acquire ChampionX in an All-Stock

   www.slb.com/news-and-insights/newsroom/press-release/2024/slb-announces-agreement-to-acquire--championx-in-an-all-stock-transaction

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   Will the SLB deal boost SLB's offshore strength?

   • Tudor Pickering & Holt analyst Matt Portillo said use of production chemical could increase as global assets mature and the deal should boost SLB's chemically intensive offshore strength. ChampionX shareholders will receive 0.735 shares of SLB common stock, or $40.59 per share, representing a premium of 14.7% to ChampionX's last closing price.

   SLB to buy ChampionX for $8 billion in growing deal-making in US ener…

   www.reuters.com/markets/deals/slb-buy-championx-77-bln-all-stock-deal-2024-04-02/

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8. finance.yahoo.com › news › slb-eyes-championxSLB Eyes ChampionX Acquisition in a $7.8B All-Stock Deal

   finance.yahoo.com › news › slb-eyes-championx

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   Apr 3, 2024 · Currently, SLB carries a Zack Rank #4 (Sell). A couple of better-ranked stocks in the energy sector are Sunoco LP SUN and Murphy USA Inc. MUSA, each sporting a Zacks Rank #1 (Strong Buy) at present.