SLB Acquires ChampionX in an All-Stock Transaction
April 2, 2024
SLB (NYSE: SLB) has completed its previously announced all-stock acquisition of ChampionX Corporation. Under the terms of the agreement, ChampionX shareholders received 0.735 shares of SLB common stock for each ChampionX share, with former ChampionX shareholders owning ~9% of SLB’s outstanding shares post-closing.
- Buyers
- SLB
- Targets
- ChampionX Corporation
- Sellers
- ChampionX shareholders
- Industry
- Energy
- Location
- United States
- Transaction Type
- Buyout
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