Market Overview

Schlumberger Will Gain Unconditional EU Approval To Merge With Cameron, New Report Says

Share:
Related CAM
Goldman's Slick On Oil: Reinstates Coverage On Halliburton And Baker Hughes, Maintains Buy On Schlumberger
Credit Suisse Gets 'Back In The Saddle' With Schlumberger, Sets Outperform Rating
Related SLB
5 Biggest Price Target Changes For Monday
A Peek Into The Markets: U.S. Stock Futures Edge Lower; General Electric Profit Tops Views
Indexes Inch Lower After European Central Bank's Meeting (GuruFocus)

According to Reuters, Schlumberger Limited. (NYSE: SLB) is expected to receive unconditional European Union approval for its proposed $14.8 billion acquisition of Cameron International Corporation (NYSE: 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.

Posted-In: Cameron International EU Antitrust oil M&A Reuters SchlumbergerNews Rumors M&A

 

Related Articles (CAM + SLB)

View Comments and Join the Discussion!