Cameron Gets Stockholders Nod for Schlumberger Merger

Houston-based flow equipment specialist, Cameron, informed that its stockholders have voted to adopt the previously announced merger agreement providing for the acquisition of Cameron by a wholly owned subsidiary of Schlumberger.

Upon completion of the transaction, each share of Cameron common stock will convert into the right to receive 0.716 shares of common stock of Schlumberger and a cash payment of $14.44.

“We are pleased that our stockholders have clearly recognized and endorsed the significant value generated by this transaction,” said Scott Rowe, president and chief executive officer of Cameron. “The combination of the two organizations will create a premier oilfield equipment and services company uniquely positioned to deliver superior value to the industry.”

The definitive merger agreement was announced in August this year and approved by The U.S. Department of Justice in November.

The companies expect the acquisition will close in the first quarter of 2016.

Share this article

Follow Subsea World News

Events>

<< Dec 2018 >>
MTWTFSS
26 27 28 29 30 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30
31 1 2 3 4 5 6

All-Energy 2019

All-Energy is the UK’s leading renewable energy and low carbon innovation event, showcasing the latest technologies and services…

read more >

ACENS 2019

Submission shall pass the double blind paper review first in order to be presented in the conference…

read more >

Deepwater Operations Advisory Board

This event allows for the free and open exchange of ideas, as proceedings will not…

read more >

Subsea Tieback Forum & Exhibition

The content addresses new operational issues, challenges, and solutions associated with global deepwater subsea operations…

read more >