Schlumberger (SLB)

Schlumberger Ltd (NYSE: SLB) and Smith International, Inc. (NYSE: SII) jointly announced today that their Boards of Directors have unanimously approved a definitive merger agreement in which the companies would combine in a stock-for-stock transaction.
The joint merger will leverage production capabilities of both firms, the companies say. If stockholders and regulators approve, the deal could close by Q4 this year, and Schlumberger expects the combination to be accretive to earnings per share in 2012.

Feb 22 · 12:30:00 PM · Source: Company Press Release · Related: Smith International
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by Jeffrey Epstein