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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.
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.
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 .
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 ...
Apr 2, 2024 · 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. ChampionX shares surged 9% in early ...
Apr 2, 2024 · SLB said it has agreed to buy ChampionX in an all-stock deal valued at about $7.8 billion. ... ChampionX shareholders will own about 9% of the combined company. SLB shares closed on Monday at $55. ...
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Apr 2, 2024 · Based on Monday's closing prices, the deal values ChampionX (CHX) at ~$7.8B, or $40.59/share, which would be a 14.7% premium. SLB (SLB), formerly Schlumberger, said it expects to realize ~$400M in ...
