Deal Description: August 26, 2015 - Schlumberger Limited (NYSE: SLB) and Cameron International Corporation (NYSE: CAM) today jointly announced a definitive merger agreement in which the companies will combine in a stock and cash transaction valued at approximately $14.8 billion as of August 25, 2015. Under the terms of the agreement, Cameron shareholders will receive 0.716 shares of Schlumberger together with a cash payment of $14.44 in exchange for each Cameron share.
The transaction is subject to the approval of Cameron stockholders, regulatory approvals and other customary closing conditions. It is anticipated that the closing of the transaction will occur in the first quarter of 2016.
Baker Botts is representing Schlumberger in the transaction.
Baker Botts Lawyers/Office Involved:
Corporate: J. David Kirkland, Jr. (Partner, Houston); Tull R. Florey (Partner, Houston); A.J. Ericksen (Partner, Houston); Travis J. Wofford (Senior Associate, Houston); Daniel J. Gottschalk (Associate, Houston); Christopher Marshall (Associate, Houston)
Employee Benefits: Rob Fowler (Partner, Houston)
Environmental: Derek McDonald (Partner, Austin)
For more information, please see Schlumberger’s news release by clicking here.
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