SLB agrees all-stock deal to acquire ChampionX

SLB and ChampionX announced a definitive agreement for SLB to buy ChampionX in an all-stock transaction, with ChampionX shareholders receiving 0.735 SLB shares per share. The deal is expected to yield about $400 million in annual pre-tax synergies within three years.

“SLB (NYSE: SLB) and ChampionX Corporation (NASDAQ: CHX) today announced a definitive agreement for SLB to purchase ChampionX in an all-stock transaction.”nasdaq.com

• 1 source
• nasdaq.comSLB Announces Agreement to Acquire ChampionX in an All-Stock Transaction | NasdaqApr 2, 2024

Summarized from public sources; check the original articles before acting on it.