Schlumberger To Acquire Cameron International For $14.8 Billion

Schlumberger buying Camerona International

Schlumberger, the world’s largest oilfield services company, has agreed to purchase oilfield equipment maker Cameron International Corp. for $14.8 billion.

Cameron shareholders will receive $66.36 per share. The deal is split up to equal $14.44 per share and 0.716 shares of Schlumberger, for each share held. 

The offer represents a premium of 56.3 percent to Cameron’s Tuesday close.

No further details about the acquisition have been reported at this time.

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Written by Peter Mondrose

Peter Mondrose

Peter Mondrose is the Editor-In-Chief at BusinessPundit. He received his degree in Economics in 1998 and a second degree in Journalism in 2004. He has served as a financial adviser, market trader, and freelance journalist for the last 11 years. When he's not investigating market conditions and reporting on workplace news, he can be found traveling with his wife, dog, and laptop. He can be reached at PeterMondrose@BusinessPundit.com or (929) 265-0240.