News Releases

Baker Botts Represents Schlumberger in $14.8 Billion Acquisition of Cameron


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)

Tax: Derek Green (Partner, Houston); Jon Lobb (Senior 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.


Baker Botts is an international law firm of approximately 650 lawyers practicing throughout a network of offices around the globe. Based on our experience and knowledge of our clients' industries, we are recognized as a leading firm in the energy, technology, and life sciences sectors. Since 1840, we have provided creative and effective legal solutions for our clients while demonstrating an unrelenting commitment to excellence. For more information, please visit

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