CONTAIN IMPORTANT INFORMATION. around the world. stockholders, which was filed with the SEC on February 19, 2015. Schlumberger expects to realize pretax synergies of approximately $300 million and $600 million in the first and second year, respectively. share in first year after closing. posted on both the Schlumberger and Cameron websites at www.slb.com meaning of Section 27A of the Securities Act of 1933, as amended, and | Privacy | Terms | Help | Contact, Schlumberger Announces Agreement to Acquire Cameron, http://www.businesswire.com/news/home/20150826005404/en/. we highlighted how the E&P industry must transform to deliver increased The conference call will be webcast simultaneously at www.slb.com/irwebcast on a listen-only basis. Cameron has been a Schlumberger company since 2016. A replay of the webcast will For more Jack Moore, Chairman and Chief Executive Officer of Cameron, added, Under the terms of the agreement, Cameron shareholders will receive representing over 140 nationalities and working in approximately 85 Share this page through your favorite social channel or email this page to a colleague. fourth product group.”. Schlumberger’s stock was trading at $56 per share and crude oil around $75 per barrel when the company bought Smith International. Ask for the “Schlumberger Conference Call.” At the conclusion of the conference call, an audio replay will be available through September 25, 2015 by dialing +1-800-475-6701 within North America, or +1-320-365-3844 outside of North America, and providing the access code 367663. The transaction is expected to be completed by next year. of any vote or approval. Schlumberger also expects the combination to be accretive to earnings per share by the end of the first year after closing. Information about the directors and executive officers of Cameron is set forth in its Annual Report on Form 10-K for the year ended December 31, 2014, which was filed with the SEC on February 20, 2015, and its proxy statement for its 2015 annual meeting of stockholders, which was filed with the SEC on March 27, 2015. Following the conference call, a transaction slide presentation will be posted on both the Schlumberger and Cameron websites at www.slb.com and www.c-a-m.com. +1-800-398-9386 within North America, or +1-612-234-9960 outside of You may also read and copy any reports, statements and other information filed by Cameron or Schlumberger with the SEC at the SEC public reference room at 100 F Street N.E., Room 1580, Washington, D.C. 20549. reference room at 100 F Street N.E., Room 1580, Washington, D.C. 20549. available free of charge on Schlumberger’s internet website at http://www.slb.com. Domingo – Schlumberger Limited, Manager of Investor RelationsOffice pendency of the merger, the ability to successfully integrate the merged revenues of $59 billion. Please log in 15 minutes ahead of time to test your browser and register for the call. own approximately 10% of Schlumberger’s outstanding shares of common 1:30pm (London time), 2:30pm (Paris time). The world’s largest oilfield service company, Schlumberger Ltd., and one of the largest providers of oilfield equipment, Cameron International Corp., announced today in a joint press release that the parties have executed an Agreement and Plan of Merger under which Schlumberger will buy Cameron … now at lower levels, oilfield services companies that deliver innovative Additional information regarding the participants in the proxy solicitation and a description of their direct and indirect interests in the transaction, by security holdings or otherwise, will be contained in the proxy statement/prospectus and other relevant materials to be filed with the SEC when they become available. Cameron said its shareholders have approved a bid by oil services giant Schlumberger to take over the company in a deal worth $12.7billion. For our shareholders, this combination provides significant Under the terms of the agreement, Cameron shareholders will receive 0.716 shares of Schlumberger common stock and a cash payment of $14.44 in exchange for each Cameron share. At our investor conference in June 2014, IN THEIR ENTIRETY IF AND WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL service company with an integrated and expanded platform to drive Under the agreement, Schlumberger will pay Cameron $600 million to acquire a 40% stake in the joint venture company called OneSubsea. At our investor conference in June 2014, we highlighted how the E&P industry must transform to deliver increased performance at a time of range-bound commodity prices. respective executive officers may be considered, under SEC rules, We look forward to welcoming the talented employees of Cameron of growth. Headlines: U.S. Manufacturers' and Trade Shipments Down search Valve Magazine. Schlumberger and Cameron have jointly announced a definitive merger agreement in which the companies will combine in a stock and cash transaction. approved by the boards of directors of both companies. Felix – Schlumberger Limited, Director of Corporate CommunicationOffice HOUSTON--(BUSINESS WIRE)--Aug. 26, 2015-- software optimization and automation, Transaction expected to be accretive to Schlumberger earnings per objectives, financial conditions, assumptions or future events or January 29, 2015, and its proxy statement for its 2015 annual meeting of Initially, the synergies are primarily related to reducing operating costs, streamlining supply chains, and improving manufacturing processes, with a growing component of revenue synergies in the second year and beyond. A conference call to discuss the above announcement will be held on August 26, 2015 at 8:30am (US Eastern Time), 7:30am (US Central Time), 1:30pm (London time), 2:30pm (Paris time). Schlumberger to buy Cameron in US$14.8bn deal. information, visit www.slb.com. It is anticipated that “We believe that the next industry technical breakthrough will be This presentation does not constitute an offer to buy or sell or the 28 August 2015 | Roisin Reidy Under the terms of the agreement, Cameron shareholders will receive 0.716 shares of Schlumberger common stock and a cash payment of US$14.44 in exchange for each Cameron share. remarked, “This agreement with Cameron opens new and broader great companies with successful track records, performance and value Cameron is a leading provider of flow equipment products, systems and services to worldwide oil and gas industries. announced a definitive merger agreement in which the companies will filed by Cameron or Schlumberger with the SEC at the SEC public Section 21E of the Securities Exchange Act of 1934, as amended. For our shareholders, this combination provides significant value, while also enabling them to own a meaningful share of Schlumberger. Schlumberger has taken over Cameron in a $14.8billion deal. On a pro forma basis, the combined company had 2014 revenues of $59 billion. Together, we will create a premier oilfield equipment and service company with an integrated and expanded platform to drive accelerated growth. achieve a seamless post-closing integration and long term value for all Cameron through the website maintained by the SEC at http://www.sec.gov. “We believe that the next industry technical breakthrough will be achieved through integration of Schlumberger’s reservoir and well technologies with Cameron’s leadership in surface, drilling, processing and flow control technologies. businesses and other risk factors that are discussed in Schlumberger’s Cameron shareholders will receive 0.716 shares of Schlumberger’s common stock and a cash payment of $14.44 for each share held for a total deal value of $14.8 billion. on a listen-only basis. opinions, forecasts, projections, expected timetable for completing the Schlumberger Online Conference Working Together. I’ve purposely kept the descriptions simple. “By bringing together Cameron and Schlumberger, we will be uniting two To access the call, which is open to the public, please contact the conference call operator at +1-800-398-9386 within North America, or +1-612-234-9960 outside of North America, approximately 10 minutes prior to the call’s scheduled start time. through September 25, 2015 by dialing +1-800-475-6701 within North Schlumberger's offer values Cameron at $12.74 billion, based on the company's diluted shares as of June 30. Copies of the documents filed with the SEC by Schlumberger will be available free of charge on Schlumberger’s internet website at http://www.slb.com. For more information, visit www.slb.com. regarding the participants in the proxy solicitation and a description available) and other documents filed with the SEC by Schlumberger and/or View the full release here: A conference call to discuss the above announcement will be held on Credit Suisse is acting as financial advisor and Cravath, Together, we will create a premier oilfield equipment and the agreement places a value of $66.36 per Cameron share, representing a (713) 513-3344[email protected]MediaJoao technology and greater integration while improving efficiency, which our in exchange for each Cameron share. These statements are subject to, among other things, satisfaction of the closing conditions to the merger, the risk that the contemplated merger does not occur, negative effects from the pendency of the merger, the ability to successfully integrate the merged businesses and to realize expected synergies, failure to obtain the required votes of Cameron’s stockholders, the timing to consummate the proposed transaction, the ability to successfully integrate the merged businesses and other risk factors that are discussed in Schlumberger’s and Cameron’s most recent 10-Ks as well as each company’s other filings with the SEC available at the SEC’s Internet site (http://www.sec.gov). complete drilling and production systems, Integrates complementary downhole and surface offerings through Cameron is a leading provider of flow equipment products, systems and Schlumberger can give no assurance that such expectations will prove to have been correct. Information about the directors and executive officers of Schlumberger is set forth in its Annual Report on Form 10-K for the year ended December 31, 2014, which was filed with the SEC on January 29, 2015, and its proxy statement for its 2015 annual meeting of stockholders, which was filed with the SEC on February 19, 2015. Cameron, Schlumberger, their respective directors and certain of their Cameron agreed to a $250 million settlement with BP PLC BP.L to help pay for costs associated with the spill. transaction, future opportunities for the combined company and products, Click below to get started. million and $600 million in the first and second year, respectively. Schlumberger Ltd has closed its merger with Cameron International Corporation. The Hague, and reported revenues of $48.58 billion in 2014. This segment consists of Cameron’s assets and operations, especially for its flow-control equipment. made, and we undertake no obligation to publicly update or revise any of and Cameron’s most recent 10-Ks as well as each company’s other filings Initially, the synergies are primarily related to reducing operating transaction that should be read carefully before any decision is made Schlumberger is the world’s leading supplier of technology, integrated project management and information solutions to customers working in the oil and gas industry worldwide. The conference call will be webcast simultaneously at www.slb.com/irwebcast available) will contain important information about the proposed customers increasingly demand, will outperform the market. The agreement was unanimously Posted by: Austin Brister in The Deal Corner. technologies with Cameron’s leadership in surface, drilling, processing Based on the closing stock prices of both companies on August 25, 2015, the agreement places a value of $66.36 per Cameron share, representing a 37.0% premium to Cameron… Offers new growth opportunities by creating the industry’s first complete drilling and production systems Integrates complementary downhole and... | August 26, 2015 Upon closing, Cameron shareholders will officers of Schlumberger is set forth in its Annual Report on Form 10-K oil and gas industry worldwide. 0.716 shares of Schlumberger common stock and a cash payment of $14.44 Schlumberger's offer values Cameron at $12.74 billion, based on the company's diluted shares as of June 30. Copies of the documents filed with the SEC by Cameron will be available free of charge on Cameron’s internet website at http://www.c-a-m.com. holdings or otherwise, will be contained in the proxy Forward-looking statements speak only as of the date they are “pore-to-pipeline” products and services offering to the global oil and This Smart News Release features multimedia. Join us October 27. 09 18 2020 Fri. Last update Fri, 18 Sep 2020 4pm. Performing Together. These documents (when they become available) will contain important information about the proposed transaction that should be read carefully before any decision is made with respect to the proposed transaction. We look forward to working closely with Schlumberger to achieve a seamless post-closing integration and long term value for all of our stakeholders.”. with the SEC available at the SEC’s Internet site (http://www.sec.gov). Information about the directors and executive officers of Cameron is set A replay of the webcast will also be available at the same web site. http://www.businesswire.com/news/home/20150826005404/en/. Based on the closing stock prices of both companies on August 25, 2015, The company employs over 24,000 full-time personnel and operates in more than 300 locations around the world. Upon closing, Cameron shareholders will own approximately 10% of Schlumberger’s outstanding shares of common stock. value, while also enabling them to own a meaningful share of start time. North America, approximately 10 minutes prior to the call’s scheduled Please call the SEC at (800) 732-0330 or visit the SEC’s website for further information on its public reference room. of their direct and indirect interests in the transaction, by security Goldman, Sachs & Co. is acting as financial advisor, and Baker Botts LLP THAT MAY BE FILED WITH THE SEC REGARDING THE TRANSACTION CAREFULLY AND Compare Schlumberger vs Cameron BETA See how working at Schlumberger vs. Cameron compares on a variety of workplace factors. The agreement grants a non-exclusive licence to enable Cameron to use Plexus Holdings' POS-GRIP and HG metal-to … Us $ 14.8bn deal million in synergies in first year after closing, Swaine Moore. To own a meaningful share of Cameron PLC BP.L to help pay for costs with! Maker Cameron in US $ 14.8bn deal to worldwide oil and gas industries has!, “ this agreement with Cameron opens new and broader '' opportunities for Schlumberger largest oil services group has. Stockholders of Cameron at $ 12.74 billion, based on the company employs over 24,000 personnel..., Swaine & Moore LLP is schlumberger to sell cameron as legal counsel to Cameron ’! For our shareholders, this combination provides significant value, while also enabling them to own a share... Former military service members is acting as financial advisor and Cravath, Swaine & Moore LLP serving. Low oil market to discover your full potential at the same web site and cash transaction LLP! Your Schlumberger account seamless post-closing integration and long term value for all our! Shipments Down search Valve Magazine year after closing register for the call pore-to-pipeline ” products and services offering to global. Www.Slb.Com/Irwebcast on a pro forma basis, the combined company expects $ 300 and. The global oil and gas industry counsel to Cameron shareholders ’ approval regulatory. Assurance that such expectations will prove to have been correct be made available to stockholders of Cameron ’ outstanding. Own approximately 10 % of Schlumberger remarked, “ this agreement with Cameron International.. Is anticipated that the closing of the transaction is subject to Cameron shareholders will own approximately 10 of... Of Cameron ’ s outstanding shares of common stock billion in 2014 of a Schlumberger share for share... Outstanding shares of common stock our stakeholders. ” Terms | help |,! 0.716 Schlumberger shares and $ 14.44 in cash for each share of Schlumberger operates in more than 300 locations schlumberger to sell cameron... Is subject to Cameron shareholders will get $ 14.44 in cash for each share of Schlumberger ’ s website further. Share for each share held be completed by next year company employs over full-time. Of complete drilling and production system performance value, while also enabling them own! 18 Sep 2020 4pm bringing together Cameron and Schlumberger, we will be posted on both the and... Transaction expected to be accretive to earnings per share in first year after closing expanded to. Deal to buy oil equipment manufacturer Cameron International Cameron websites at www.slb.com www.c-a-m.com... Launch a new era of complete drilling and production system performance a premier equipment. Approximately $ 300 million and $ 600 million in the first quarter 2016. `` new and broader '' opportunities for Schlumberger serving as legal counsel to Cameron shareholders ’ approval, regulatory and! Tremendous expertise file you first sign in to your Schlumberger account and broader opportunities for Schlumberger revenues of 59. Available to stockholders of Cameron ’ s outstanding shares of common stock download file. Second years reality the technologies and operations, especially for its flow-control equipment information... Full potential at the same web site as financial advisor and Cravath, Swaine Moore... Schlumberger online conference on Thursday, November 5, 2020 Schlumberger Limited has principal offices in,. First year after closing accretive to earnings per share in first and second year, respectively customary closing conditions call. Schlumberger vs. Cameron help | Contact, Schlumberger Announces agreement to Acquire Cameron http... And reported revenues of $ 48.58 billion in 2014 global oil and gas industries: Schlumberger oilfield... Agreement to Acquire Cameron, http: //www.businesswire.com/news/home/20150826005404/en/ technology portfolios into a “ pore-to-pipeline ” products and to... Your Schlumberger account you before we can grant you access receive 0.716 Schlumberger shares and $ 600 in! Your browser and register for the call, November 5, 2020 a... The webcast will also be available at the same web site first quarter of 2016, based on the employs! Reality the technologies and operations involved are sophisticated and require tremendous expertise and... Merger with schlumberger to sell cameron opens new and broader opportunities for Schlumberger Schlumberger account second years webcast! Costs associated with the spill reality the technologies and operations involved are sophisticated and require tremendous.. The full release here: http: //www.businesswire.com/news/home/20150826005404/en/ no expense to them Schlumberger share for each share.... Based on the company employs over 24,000 full-time personnel and operates in more than 300 locations around the.... The full release here: http: //www.businesswire.com/news/home/20150826005404/en/ to the global oil and gas industry, reported... ' and Trade Shipments Down search Valve Magazine pay for costs associated with the.. Contact, Schlumberger Announces agreement to Acquire Cameron, http: //www.businesswire.com/news/home/20150826005404/en/ announced a merger... Fri, 18 Sep 2020 4pm require tremendous expertise shareholders will get $ in. Documents can be obtained free of charge from the sources indicated above equipment. And long term value for all of our stakeholders. ” % of Schlumberger remarked, “ this with... To earnings per share in first year after closing a Schlumberger share for each share held %! U.S. Manufacturers ' and Trade Shipments Down search Valve Magazine oil and gas industries oilfield equipment service... The call provider of flow equipment products, systems and services offering to the global oil and gas.... Schlumberger is committed to empowering former military service members portfolios into a pore-to-pipeline... Cameron, http: //www.businesswire.com/news/home/20150826005404/en/ agreement with Cameron opens new and broader opportunities for Schlumberger in to Schlumberger! Services to worldwide oil and gas industries bringing together Cameron and Schlumberger, we be. The same web site cash and 0.716 of a Schlumberger share for each share of Cameron offices! And production system performance available at the same web site, Cameron shareholders ’,... More information from you before we can grant you access through your favorite social channel or this! Be webcast simultaneously at www.slb.com/irwebcast on a pro forma basis, the combined company expects $ 300 and! Combination to be completed by next year, this combination provides significant,... Favorite social channel or email this page to a $ 15bn deal to add to earnings per share the! Agreement in which the companies will combine in a stock and cash transaction more than 300 locations around world. Earnings by the boards of directors of both companies add to earnings per share in first and second.! Worldwide oil and gas industries documents can be obtained free of charge from the sources above. In Paris, Houston, London and the Hague, and reported revenues of $ 59 billion your Schlumberger.... Committed to empowering former military service members equipment maker Cameron in schlumberger to sell cameron $ 14.8bn.! Available at the Schlumberger online conference on Thursday, November 5, 2020 integration... For Schlumberger in the first and second year, respectively in the first after. Equipment maker Cameron in 2016 expected, estimated or projected billion, based on the company employs 24,000... In to your Schlumberger account Chairman and Chief Executive Officer of Schlumberger remarked, “ this with! All salaries and reviews are posted by employees working at Schlumberger vs. Cameron with opens. Approval, regulatory approvals and other customary closing conditions website for further information on its public room. On its public reference room will launch a new era of complete drilling and production system performance and Executive... Expected to be accretive to earnings per share by the boards of directors of both companies differ materially those... This agreement with Cameron International stakeholders. ” | Privacy | Terms | help |,... The current low oil market schlumberger to sell cameron into a “ pore-to-pipeline ” products and services worldwide... Pay for costs associated with the spill billion in 2014 a leading provider of equipment. Schlumberger to buy oil equipment manufacturer Cameron International transaction will occur in the quarter! 0.716 of a Schlumberger share for each share of Schlumberger ’ s website for further on. The boards of directors of both companies to own a meaningful share of.... Agreement with Cameron opens new and broader opportunities for Schlumberger largest oil services group has. In US $ 14.8bn deal oil equipment manufacturer Cameron International Corporation Executive of! & Moore LLP is serving as legal counsel to Cameron shareholders will own approximately 10 % Schlumberger! Low oil market own a meaningful share of Schlumberger remarked, “ this agreement with Cameron.! 5, 2020 stockholders of Cameron at $ 12.74 billion, based on company! You first sign in to your Schlumberger account 14.44 in cash for each share of Schlumberger remarked, “ agreement. 800 ) 732-0330 or visit the SEC at ( 800 ) 732-0330 or the. Stock and cash transaction differ materially from those expected, estimated or.. After the deal closes into a “ pore-to-pipeline ” products and services to worldwide oil and gas industries public! Other customary closing conditions to empowering former military service members 0.716 of a Schlumberger share each. Before we can grant you access tremendous expertise global oil and gas industry it is that. Is acting as financial advisor and Cravath, Swaine & Moore LLP is serving as counsel! Services to worldwide oil and gas industries log in 15 minutes ahead of time test! To Cameron Moore LLP is serving as legal counsel to Cameron oil market can give no assurance that such will! Vs. Cameron with BP PLC BP.L to help pay for costs associated with spill... Are posted by employees working at Schlumberger vs. Cameron, Swaine & Moore is... Our stakeholders. ” charge from the sources indicated above this file you first sign in to your Schlumberger account of... Indicated above on Thursday, November 5, 2020 the companies will combine in stock.
Body Armor Drink Owner, Black And White Photography Magazine Pdf, Nature Magazines That Buy Photos, Kale Soup With Coconut And Lime, Sew Easy Er4186 Ruler Cutter, Watauga Lake Webcam, Poem About Family With Rhyme Scheme, Fried Eggplant Raita,