Date:	--/--/-- --:--:--
Event Id:	E55HU45B5
Action Type:	ACQUISITION
Action Status:	COMPLETED
Acquirer Symbol:
Target Symbol:	CHX
Updated:	--/--/-- --:--:--
Purchase Price Per Share:
Price Per Share Currency:
News References:	https://www.businesswire.com/news/home/20250715857114/en/

Action Notes

SLB and ChampionX Corporation today announced a definitive agreement for SLB to purchase ChampionX in an all-stock transaction. The agreement was unanimously approved by the ChampionX board of directors. Under the terms of the agreement, ChampionX shareholders will receive 0.735 shares of SLB common stock in exchange for each ChampionX share. At the closing of the transaction ChampionX shareholders will own approximately 9% of SLB's outstanding shares of common stock The transaction is subject to ChampionX shareholders' approval, regulatory approvals and other customary closing conditions. It is anticipated that the closing of the transaction will occur before the end of 2024. The ChampionX special shareholder meeting to vote on the transaction will be held on 06/18. On 07/02, it was announced that a second request has been received for the transaction from the US DoJ. Also announced was that the transaction is now expected to close in Q4 2024 or Q1 2025. SLB announced on 02/25 that the waiting period under the Hart-Scott-Rodino Act has expired.4/25 SLB is pleased with this further progress and will continue its collaboration with the CMA and other regulators toward an anticipated closing in the second quarter or early Q3 2025. Closing of the transaction was announced on 07/16.