SLB Announces Agreement to Acquire ChampionX in an All-Stock Transaction
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SLB (SLB) PT Raised to $69 at RBC Capital
April 3, 2024 6:37 AM EDTRBC Capital analyst Keith Mackey raised the price target on SLB (NYSE: SLB) to $69.00 (from $66.00) while maintaining a Outperform rating.
The analyst comments "We see the $8.2bn acquisition of CHX as a strategic fit with SLB's portfolio which enhances its exposure to future growth... More
SLB to buy ChampionX for $7.8 billion, analyst shares positive remarks
April 2, 2024 9:59 AM EDTSLB (NYSE: SLB) said on Tuesday it will acquire its smaller competitor, ChampionX (NASDAQ: CHX), in an all-stock transaction valued at $7.75 billion.
This move is part of a broader trend of consolidation within the North American energy sector, where companies are streamlining operations and addressing challenges in operation and pricing.
The acquisition marks... More
