ChampionX Announces Definitive Agreement to Sell US Synthetic Corporation
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ChampionX Corporation has announced a definitive agreement to sell its equity interests in US Synthetic Corporation to LongRange Capital.
February 25, 2025 | 12:00 pm
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ChampionX Corporation is selling its equity interests in US Synthetic Corporation to LongRange Capital, which could streamline its operations and potentially improve financial performance.
The sale of US Synthetic Corporation could allow ChampionX to focus on its core operations and improve its financial position. This strategic move is likely to be viewed positively by investors, potentially leading to a short-term increase in CHX's stock price.
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