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Stock Market & Financial Investment News

News Breaks
May 6, 2014
06:02 EDTSLBSchlumberger implied volatility of 28 at lower end of index mean range
News For SLB From The Last 14 Days
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February 5, 2016
13:00 EDTSLBSchlumberger, 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 EDTSLBSchlumberger's acquisition of Cameron cleared by EU, Reuters reports
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January 28, 2016
07:39 EDTSLBCameron expects transaction with Schlumberger to close in 1Q16
January 25, 2016
17:33 EDTSLBSchlumberger signs preliminary agreement for Fortuna FLNG project
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07:40 EDTSLBSchlumberger weakness a buying opportunity, says UBS
UBS said the weakness in Schlumberger is an attractive buying opportunity for long-term investors who wait patiently for an industry recovery. The company offers the least relative cyclicality in the sector, an attractive yield, and an $11B stock buyback program. UBS reiterated its Buy rating and $87 price target on Schlumberger shares.
06:41 EDTSLBSchlumberger to gain unconditional EU approval for Cameron deal, Reuters says
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