Home > Schlumberger-Cameron merger receives unconditional clearance from U.S. Department of Justice

Schlumberger-Cameron merger receives unconditional clearance from U.S. Department of Justice

Editorial

The U.S. Department of Justice has unconditionally cleared the proposed merger of Schlumberger Limited and Cameron International Corporation.

Schlumberger is the world’s leading supplier of technology, integrated project management and information solutions to customers working in the oil and gas industry worldwide. Cameron is a leading provider of flow equipment products, systems and services to global oil and gas industries.

The proposed merger between the two companies will be completed subject to approval by Cameron stockholders and the satisfaction or waiver of the other closing conditions contained in the merger agreement.

The proposed adoption of the agreement and plan of merger between the two companies will be discussed and voted upon by Cameron stockholders at a special meeting scheduled for December 17, 2015.

Schlumberger and Cameron expect to close the merger in the first quarter of 2016, until which time, the two companies will continue to operate as separate entities serving their respective customers.

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