Slb completes acquisition of championx

Houston--(business wire)--slb (nyse: slb) announced today that it has closed its previously announced acquisition of championx corporation. under the terms of the agreement, championx shareholders received 0.735 shares of slb common stock in exchange for each championx share. with the closing of the transaction, former championx shareholders now own approximately 9% of slb's outstanding shares of common stock. this strategic acquisition strengthens slb's leadership in the production and recover.
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