Oil companies agree to $14.8B purchase deal

Posted online August 26, 2015 | 11:40 am

Schlumberger, the world's No.1 oilfield services company, said it will acquire oilfield equipment maker Cameron International Corp. in a deal valued at $14.8 billion.

Based on the company's outstanding shares as of June 30, the deal values Cameron at $12.7 billion.

The purchase is expected to close in the first quarter next year.

Read more from Reuters.

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