SLB Announces Agreement to Acquire ChampionX in an All-Stock ...

HOUSTON, April 02, 2024—SLB (NYSE: SLB) and ChampionX Corporation (NASDAQ: CHX) today announced a definitive agreement for SLB to purchase ChampionX in an all-stock …

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SLB Eyes ChampionX Acquisition In A $7.8B All-Stock Deal

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Apr 3, 2024 · SLB SLB and ChampionX Corporation CHX have announced a definitive agreement for SLB to acquire ChampionX in an all-stock transaction. The agreement, which has received …

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Safe & Green Announces LOI For Acquisition Of Olenox, Machfu.com

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1 day ago · Safe & Green Holdings announced the execution of a binding Letter of Intent, LOI, to acquire 100% of the outstanding securities of New Asia Holdings. The acquisition includes a …

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SLB Announces Agreement To Acquire ChampionX In An All-Stock ...

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Apr 2, 2024 · SLB to Acquire ChampionX in All-Stock Transaction to Strengthen Production Space Leadership. SLB to Increase Shareholder Returns to $3 Billion in 2024 and $4 Billion in …

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FAQs about SLB Announces Agreement to Acquire ChampionX in an All-Stock ... Coupon?

Will SLB buy championx?

HOUSTON, April 02, 2024 —SLB (NYSE: SLB) and ChampionX Corporation (NASDAQ: CHX) today announced a definitive agreement for SLB to purchase ChampionX in an all-stock transaction. The agreement was unanimously approved by the ChampionX board of directors. ...

Why does championx offer all-stock consideration for SLB?

The all-stock consideration allows ChampionX shareholders to fully participate in the future upside in SLB’s stock price, while allowing SLB to maintain a strong balance sheet and flexibility in its future capital allocation. What are the tax effects of the transaction and what is the expected post-acquisition effective tax (ETR) for SLB? ...

How much is championx worth?

The agreement places a value of $40.59 per ChampionX share, which represents a 14.7% premium based on the closing price of April 1, 2024. Upon closing, ChampionX shareholders will collectively own approximately 9% of SLB outstanding shares. When do you expect the transaction to close? ...

Will SLB return $7 billion to its shareholders?

SLB also said it would be returning $7 billion to its shareholders over the next two years. Shares of ChampionX (CHX) jumped Tuesday after SLB (SLB) agreed to buy the rival oilfield services provider in an all-stock transaction valued at about $7.8 billion. ...

Will championx close in 2024?

SLB noted that the ChampionX transaction is expected to close by the end of this year. In addition, the company reported that it would be increasing its return to shareholders, targeting $3 billion in 2024 and $4 billion in 2025. As of 12:07 p.m. ET Tuesday, ChampionX shares were up about 9% to $38.59, their highest level in nearly five years. ...

When is championx closing?

The transaction is subject to ChampionX shareholders’ approval, regulatory approvals and other customary closing conditions. It is anticipated that the closing of the transaction will occur before the end of 2024. SLB also announced today that it will return $7 billion to shareholders over the next two years. ...