Schlumberger to spend $7.7 billion on buying ChampionX

ChampionX Corp (NASDAQ: CHX) is in focus today after Schlumberger NV (NYSE: SLB) said it will buy the oilfield technology company for $7.75 billion.$SLB deal values ChampionX stock at 14% premium Copy link to section The all-stock deal values each share of ChampionX at $40.59 – a more than 14$SLB is convinced the acquisition will deliver about $400 million in annual pre-tax savings in the first three years. Olivier Le Peuch – its chief executive said in a press release on ...