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.