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The sale price is 45.84-a-share price was 37.5 percent higher than Smith closing price on 18 February 2010. The deal was the biggest acquisition in Schlumberger history until their acquisition of Cameron International. The merger was completed on August 27, 2010.
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Cameron International Corporation (formerly Cooper Cameron Corporation (CCC) and Cooper Oil Tool, Cameron Iron Works) though now operating under Schlumberger, is a global provider of pressure control, production, processing, and flow control systems as well as project management and aftermarket services for the oil and gas and process ...
The stock is trying to settle above the $46 level. For premium support please call: 800-290-4726 more ways to reach us
Higher oilfield service demand is aiding Schlumberger (SLB). For premium support please call: 800-290-4726 more ways to reach us
Schlumberger (SLB) closed the most recent trading day at $35.85, moving -0.94% from the previous trading session.
A February 21, 2010 announcement said Schlumberger would acquire the company in an all-stock deal valued at $11.3 billion. The sale price of 45.84 per share was 37.5 percent higher than Smith's closing price on February 18, 2010. The deal was the biggest acquisition in Schlumberger history until their acquisition of Cameron International.