SLB, ChampionX Each Receive Request For Additional Information (Second Request) From US DoJ
Portfolio Pulse from Benzinga Newsdesk
SLB and ChampionX have received a second request for additional information from the US Department of Justice regarding their pending transaction. The deal is expected to close in late 2024 or early 2025, pending regulatory approvals. ChampionX stockholders approved the transaction on June 18, 2024.
July 02, 2024 | 9:02 pm
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NEUTRAL IMPACT
ChampionX has received a second request for additional information from the US DoJ regarding its pending transaction with SLB. The deal is expected to close in late 2024 or early 2025, pending regulatory approvals.
The second request from the US DoJ introduces regulatory uncertainty, which could delay the transaction. However, the deal is still expected to close within the projected timeframe.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
SLB has received a second request for additional information from the US DoJ regarding its pending transaction with ChampionX. The deal is expected to close in late 2024 or early 2025, pending regulatory approvals.
The second request from the US DoJ introduces regulatory uncertainty, which could delay the transaction. However, the deal is still expected to close within the projected timeframe.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100