According to Reuters, Schlumberger Limited. SLB is expected to receive unconditional European Union approval for its proposed $14.8 billion acquisition of Cameron International Corporation CAM.
Reuters, citing "two people familiar with the matter," reported on Monday that the EU's antitrust authorities have concluded the two companies offer complementary product lines. The report noted this implies an acquisition would "draw less regulatory scrutiny."
U.S. antitrust regulations have already favored positively on the deal last November.
Shares of Schlumberger were trading lower by 1.32 percent at $64.34 early Monday morning after gaining more than 6 percent on Friday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.