Market Overview

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

Share:

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 SchlumbergerM&A News Rumors

 

Related Articles (CAM + SLB)

View Comments and Join the Discussion!

An ETF For Apple Earnings

Tyco Up 7% Following Johnson Controls Merger Agreement