Schlumberger to acquire Cameron

Oilfield services giant Schlumberger is set to acquire fellow US contractor Cameron under a $14.8 billion stock-and-cash deal in the latest mega-merger in the sector to combat the impact of low oil prices.

Merger pact: Schlumberger chief Paal Kibsgaard
Merger pact: Schlumberger chief Paal Kibsgaard
Published 26 August 2015, 10:41Updated 17 October 2016, 12:28
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