Houston Energy Companies in $14.8B Acquisition
Baker Botts and Gibson, Dunn & Crutcher represent Schlumberger in planned $14.8 billion acquisition of Houston-based Cameron International.
August 26, 2015 at 11:15 AM
2 minute read
Schlumberger Ltd. is using Baker Botts and Gibson, Dunn & Crutcher for its pending $14.8 billion acquisition of Cameron International, which turned to Cravath, Swaine & Moore.
On Aug. 26, Schlumberger, which is headquartered in Houston, Paris, London and The Hague, and Houston-based Cameron announced a definitive merger agreement for the companies to combine in a cash and stock transaction.
The agreement merging the two oilfield services companies calls for Cameron shareholders to receive 71.6 percent of a share of Schlumberger common stock and $14.44 in cash for each share of stock they own.
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