WS Investor
15 Jul 2025, 14:54
Schlumberger Receives Final Regulatory Approval for ChampionX Merger
Schlumberger Limited (NYSE: SLB) announced that the UK Competition and Markets Authority has approved its planned acquisition of ChampionX Corporation. This was the final regulatory clearance required, clearing the way for the all-stock merger to close on July 16, 2025.
Under the merger agreement, Schlumberger subsidiary Sodium Merger Sub will merge with ChampionX, which will continue as the surviving entity and become an indirect, wholly owned subsidiary of Schlumberger.
The companies will continue operating independently until the transaction officially closes, pending satisfaction or waiver of all remaining conditions. The merger is expected to bolster Schlumberger’s portfolio in production and chemical technologies.
Schlumberger Limited (NYSE: SLB) announced that the UK Competition and Markets Authority has approved its planned acquisition of ChampionX Corporation. This was the final regulatory clearance required, clearing the way for the all-stock merger to close on July 16, 2025.
Under the merger agreement, Schlumberger subsidiary Sodium Merger Sub will merge with ChampionX, which will continue as the surviving entity and become an indirect, wholly owned subsidiary of Schlumberger.
The companies will continue operating independently until the transaction officially closes, pending satisfaction or waiver of all remaining conditions. The merger is expected to bolster Schlumberger’s portfolio in production and chemical technologies.
