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in an all-stock deal valued at about $7.8 billion. ChampionX shareholders will receive 0.735 SLB shares for each share of ChampionX they already own. Once the deal is complete, ChampionX ...
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Schlumberger’s stock has gained 3.9% year to date and ChampionX shares have climbed 31.8%, while the VanEck Oil Services ETF has advanced 9.9% and the S&P 500 index has gained 8.9%.
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Oil services company Schlumberger Ltd. announced Tuesday an agreement to buy chemical and drilling technologies company ChampionX Corp. in an all-stock deal valued at about $7.8 billion.