Schlumberger To Acquire Cameron In $14.8 Billion Deal

Oilfield-services giant Schlumberger Ltd. announced Wednesday that it plans to acquire Cameron International Corp. in a deal valued at $14.8 billion, saying the deal offers "new growth opportunities by creating the industry's first complete drilling and production systems." Shares in Cameron, which makes equipment for the energy industry, gained 41% in premarket action, while Schlumberger shares fell 0.9%.

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