Schlumberger entered into a definitive merger agreement to purchase Cameron in a stock and cash transaction valued at approximately USD 14.8 billion. The agreement was approved unanimously by the boards of both companies and is expected to close in the first quarter of next year. Under the terms of the agreement, Cameron’s shareholders will receive 0.716 shares of Schlumberger common stock and a cash payment of USD 14.44 in exchange for each Cameron share.
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