Schlumberger Completes Sale of Wilson International Inc.
May 31 2012 - 4:30PM
Business Wire
Schlumberger Limited (NYSE:SLB) announced today that it has
completed the sale of its Wilson distribution business to National
Oilwell Varco, Inc. (NYSE:NOV).
Additionally, Schlumberger has committed to divest the remaining
portion of its distribution business by agreeing to support NOV’s
previously announced proposed acquisition of all outstanding shares
of CE Franklin Ltd. (NASDAQ: CFK; TSX: CFT) (“CE Franklin”) for
CAD$12.75 in cash per share. Schlumberger owns 9,729,582 common
shares of CE Franklin, or approximately 56% of CE Franklin’s
outstanding common shares.
About Schlumberger
Schlumberger is the world’s leading supplier of technology,
integrated project management and information solutions to
customers working in the oil and gas industry worldwide. Employing
more than 113,000 people representing over 140 nationalities and
working in approximately 85 countries, Schlumberger provides the
industry’s widest range of products and services from exploration
through production.
Schlumberger Limited has principal offices in Paris, Houston and
The Hague, and reported revenues of $39.54 billion in 2011. For
more information, visit www.slb.com.
CE Franklin Ltd. (MM) (NASDAQ:CFK)
Historical Stock Chart
From Jun 2024 to Jul 2024
CE Franklin Ltd. (MM) (NASDAQ:CFK)
Historical Stock Chart
From Jul 2023 to Jul 2024