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March 21, 2014
09:16 EDTCAMCameron announces $500M increase in share repurchase authorization
Cameron announced that its board has approved an increase in the company's share repurchase authorization by an additional $500M. In addition, the company reported it has repurchased 12.8M shares so far in 2014, at a total cost of $780M. The Company has also established its first commercial paper program which will be used for general corporate purposes including share repurchases. The program is authorized to a maximum of $500M.
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February 5, 2016
13:00 EDTCAMSchlumberger, Cameron merger receives unconditional clearance from EU
Schlumberger Limited (SLB) and Cameron (CAM) jointly announced that the European Commission has cleared their proposed merger without any conditions following a Phase 1 review. As previously announced, the U.S. Department of Justice cleared the proposed merger in November 2015 without any conditions; Cameron stockholders voted on December 17 to adopt the merger agreement between Schlumberger and Cameron; and antitrust clearances have been obtained in Canada, Brazil, Russia, and Mexico. Under the terms of the merger agreement, Schlumberger and Cameron only await regulatory approval from the Ministry of Commerce of the People's Republic of China. The Chinese authorities started their 30-day Phase 1 review process on February 4, 2016. The closing of the proposed merger remains subject to the satisfaction or waiver of the remaining customary closing conditions contained in the merger agreement. Schlumberger and Cameron expect to close the merger in the first quarter of 2016. Until that time, the companies will continue to operate as separate and independent entities and continue to serve their respective customers.
06:45 EDTCAMSchlumberger's acquisition of Cameron cleared by EU, Reuters reports
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January 28, 2016
07:39 EDTCAMCameron expects transaction with Schlumberger to close in 1Q16
07:39 EDTCAMCameron expects energy prices declines to have negative impact in 2016 business
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07:38 EDTCAMCameron reports Q4 EPS excluding items $1.08, consensus 73c
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