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SLB provides update on planned acquisition of ChampionX

1. HSR waiting periods expired; SLB can finalize ChampionX acquisition. 2. Definitive agreement reached, pending closing conditions.

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FAQ

Why Bullish?

The regulatory clearance removes a critical hurdle for the acquisition, potentially unlocking operational synergies. Historical acquisition announcements in the energy sector, such as similar clearances by competitors, have led to immediate share price appreciation.

How important is it?

Clearing the HSR waiting period is crucial for finalizing the acquisition and has historically driven significant price reactions in similar deals.

Why Short Term?

The news serves as an immediate catalyst by eliminating regulatory delays, driving near-term price momentum. However, further integration results will influence longer-term outcomes.

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HALBHI
HOUSTON--(BUSINESS WIRE)--SLB (NYSE: SLB) today announced that, in connection with SLB's planned acquisition of ChampionX, all applicable waiting periods under the U.S. Hart-Scott-Rodino (HSR) Antitrust Improvements Act of 1976 have expired, and SLB is legally permitted to close the ChampionX transaction in the United States. In conjunction with the HSR review, SLB and ChampionX have reached a definitive agreement, conditioned on the closing of SLB's acquisition of ChampionX as well as other cu.

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