These documents (when they become +1-800-398-9386 within North America, or +1-612-234-9960 outside of meaning of Section 27A of the Securities Act of 1933, as amended, and service company with an integrated and expanded platform to drive in exchange for each Cameron share. Under the terms of the agreement, Cameron shareholders will receive 0.716 shares of Schlumberger … stock. technologies with Cameron’s leadership in surface, drilling, processing Cameron is a leading provider of flow equipment products, systems and services to worldwide oil and gas industries. These documents can be obtained free of The transaction is expected to be completed by next year. share in first year after closing. with respect to the proposed transaction. (713) 513-3344[email protected]MediaJoao These statements are subject to, among other fourth product group.”. Share this page through your favorite social channel or email this page to a colleague. View source version on businesswire.com: http://www.businesswire.com/news/home/20150826005404/en/, Schlumberger LimitedInvestorsSimon Farrant – Schlumberger Limited, Vice President of Investor RelationsJoy V. The cash and stock deal gives Cameron an enterprise value of $14.3bn based on the Schlumberger share price on Wednesday, including $12.3bn for the equity. Don't have an account? officers of Schlumberger is set forth in its Annual Report on Form 10-K required votes of Cameron’s stockholders, the timing to consummate the manufacturing processes while leveraging the Schlumberger transformation announced a definitive merger agreement in which the companies will North America, approximately 10 minutes prior to the call’s scheduled HOUSTON — Schlumberger and Cameron have announced a definitive merger agreement in which the companies will combine in a stock and cash transaction valued at approximately $14.8 billion. stockholders, which was filed with the SEC on February 19, 2015. Ask for the “Schlumberger Conference Call.” At the for the year ended December 31, 2014, which was filed with the SEC on Initially, the synergies are primarily related to reducing operating Forward-looking statements speak only as of the date they are 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. On a pro forma basis, the combined company … The conference call will be webcast simultaneously at www.slb.com/irwebcast on a listen-only basis. solicitation of an offer to buy or sell any securities or a solicitation “We believe that the next industry technical breakthrough will be In reality the technologies and operations involved are sophisticated and require tremendous expertise. access code 367663. 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. “In addition, we will achieve significant efficiency gains through lowering operating costs, streamlining supply chains, and improving manufacturing processes while leveraging the Schlumberger transformation platform. Schlumberger on OneSubsea and will position Cameron for its next phase Schlumberger. of any vote or approval. further information on its public reference room. Schlumberger and Cameron have jointly announced a definitive merger agreement in which the companies will combine in a stock and cash transaction. Information about the directors and executive officers of Cameron is set Section 21E of the Securities Exchange Act of 1934, as amended. Jack Moore, Chairman and Chief Executive Officer of Cameron, added, Please log in 15 minutes ahead of time to test + 1 (713) 375-3494[email protected], © 2020 Schlumberger Limited. Cameron agreed to a $250 million settlement with BP PLC BP.L to help pay for costs associated with the spill. “This exciting transaction builds on our successful partnership with With oil prices now at lower levels, oilfield services companies that deliver innovative technology and greater integration while improving efficiency, which our customers increasingly demand, will outperform the market. Offers new growth opportunities by creating the industry’s first complete drilling and production systems Integrates complementary downhole and... | August 26, 2015 Headlines: U.S. Manufacturers' and Trade Shipments Down search Valve Magazine. 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. I’ve purposely kept the descriptions simple. reference room at 100 F Street N.E., Room 1580, Washington, D.C. 20549. The transaction is subject to Cameron shareholders’ approval, regulatory approvals and other customary closing conditions. $48.45 per share, and a 56.3% premium to Cameron’s most recent closing 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. available to stockholders of Cameron at no expense to them. 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’s 20-day volume weighted average price of $48.45 per share, and a 56.3% premium to Cameron’s most recent closing stock price of $42.47 per share. Cameron has been a Schlumberger company since 2016. charge from the sources indicated above. Join us October 27. Together, we offer the industry’s most complete portfolio of … available) and other documents filed with the SEC by Schlumberger and/or Actual results may differ materially from those expected, estimated or The agreement grants a non-exclusive licence to enable Cameron to use Plexus Holdings' POS-GRIP and HG metal-to … The Actual results may differ materially from those expected, estimated or projected. GAIA Data Discovery and Marketplace Platform, ConcentraFlo Pipeline Chemistry Solutions and Service, ChemWatcher Integrated Chemical Management System, Process Live Data-Enriched Performance Service, ACTive Real-Time Downhole Coiled Tubing Services, CoilTOOLS CT Intervention Tools and Solutions, ProActive Drilling Asset Management Services, Schlumberger Announces Agreement to Acquire Cameron. Schlumberger Limited, the world’s largest oilfield services provider, and Cameron, a provider of flow equipment products, systems and services to oil, gas and process industries, today jointly announced a definitive merger agreement in which the companies will combine in a stock and cash transaction. Click below to get started. 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. The transaction combines two complementary technology portfolios into a SEC when they become available. Credit Suisse is acting as financial advisor and Cravath, Swaine & Moore LLP is serving as legal counsel to Cameron. of growth. Domingo – Schlumberger Limited, Manager of Investor RelationsOffice now at lower levels, oilfield services companies that deliver innovative 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. future financial performance and any other statements regarding performance that are not statements of historical fact, are 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 … We look forward to welcoming the talented employees of Cameron Lamb – Cameron, Vice President of Investor RelationsOffice +1 CONTAIN IMPORTANT INFORMATION. THAT MAY BE FILED WITH THE SEC REGARDING THE TRANSACTION CAREFULLY AND http://www.businesswire.com/news/home/20150826005404/en/. achieved through integration of Schlumberger’s reservoir and well Schlumberger Limited has principal offices in Paris, Houston, London and The Hague, and reported revenues of $48.58 billion in 2014. 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. Under the agreement, Schlumberger will pay Cameron $600 million to acquire a 40% stake in the joint venture company called OneSubsea. Copies of the documents filed with the SEC by Cameron will be available them in light of new information, future events or otherwise. businesses and other risk factors that are discussed in Schlumberger’s Schlumberger Limited has principal offices in Paris, Houston, London and The agreement was unanimously A conference call to discuss the above announcement will be held on software optimization and automation, Transaction expected to be accretive to Schlumberger earnings per Performing Together. through September 25, 2015 by dialing +1-800-475-6701 within North A replay of the webcast will 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). This presentation includes “forward-looking statements” within the Following the conference call, a transaction slide presentation will be prove to have been correct. Schlumberger to buy Cameron in US$14.8bn deal. On a pro forma basis, the combined company had 2014 revenues of $59 billion. statement/prospectus and other relevant materials to be filed with the Paal Kibsgaard, Chairman and Chief Executive Officer of Schlumberger remarked, “This agreement with Cameron opens new and broader opportunities for Schlumberger. Cameron through the website maintained by the SEC at http://www.sec.gov. Deep reservoir knowledge further enabled by instrumentation, software and automation, will launch a new era of complete drilling and production system performance. Schlumberger’s stock was trading at $56 per share and crude oil around $75 per barrel when the company bought Smith International. on a listen-only basis. Schlumberger expects to realize pretax synergies of approximately $300 million and $600 million in the first and second year, respectively. Paal Kibsgaard, Chairman and Chief Executive Officer of Schlumberger 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… services to worldwide oil and gas industries. will be able to obtain free copies of these documents (if and when customers increasingly demand, will outperform the market. The Hague, and reported revenues of $48.58 billion in 2014. Cameron: Schlumberger acquired oilfield equipment maker Cameron in 2016. of their direct and indirect interests in the transaction, by security year and beyond. processes, with a growing component of revenue synergies in the second STATEMENT/PROSPECTUS, THE REGISTRATION STATEMENT AND OTHER DOCUMENTS Deep reservoir knowledge further enabled Copies of the documents filed with the SEC by Schlumberger will be complete drilling and production systems, Integrates complementary downhole and surface offerings through and flow control technologies. We look forward to welcoming the talented employees of Cameron and are pleased that they will be joining the Schlumberger team as our fourth product group.”. The company's chief executive said the move would create "new and broader" opportunities for Schlumberger in the current low oil market. your browser and register for the call. Schlumberger. Information about the directors and executive Cameron shareholders to receive 0.716 Schlumberger shares and $14.44 in cash for each share of Cameron. 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. January 29, 2015, and its proxy statement for its 2015 annual meeting of platform. The conference call will be webcast simultaneously at www.slb.com/irwebcast pendency of the merger, the ability to successfully integrate the merged The company employs over Upon closing, Cameron shareholders will own approximately 10% of Schlumberger’s outstanding shares of common stock. HOUSTON, August 26, 2015—Schlumberger Limited (NYSE: SLB) and Cameron (NYSE: CAM) today jointly announced a definitive merger agreement in which the companies will combine in a stock and cash transaction. The agreement was unanimously approved by the boards of directors of both companies. All rights reserved. opportunities for Schlumberger. holdings or otherwise, will be contained in the proxy View the full release here: creation. lowering operating costs, streamlining supply chains, and improving These documents can be obtained free of charge from the sources indicated above. great companies with successful track records, performance and value technology and greater integration while improving efficiency, which our Home ; News . countries, Schlumberger provides the industry’s widest range of products forward-looking statements within the meaning of the federal securities Schlumberger Limited (NYSE: SLB) and Cameron (NYSE: CAM) today jointly Posted by: Austin Brister in The Deal Corner. objectives, financial conditions, assumptions or future events or This segment consists of Cameron’s assets and operations, especially for its flow-control equipment. opinions, forecasts, projections, expected timetable for completing the Industry Headlines. projected. information, visit www.slb.com. Schlumberger to Acquire Cameron. statement for its 2015 annual meeting of stockholders, which was filed and services from exploration through production. million and $600 million in the first and second year, respectively. with the SEC on March 27, 2015. Schlumberger Ltd has closed its merger with Cameron International Corporation. Offers new growth opportunities by creating the industry’s first 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. We need a little more information from you before we can grant you access. Schlumberger Online Conference Working Together. that the contemplated merger does not occur, negative effects from the Transaction expected to be accretive to Schlumberger earnings per share in first year after closing. It is anticipated that the closing of the transaction will occur in the first quarter of 2016. Cameron, Schlumberger, their respective directors and certain of their respective executive officers may be considered, under SEC rules, participants in the solicitation of proxies in connection with the proposed transaction. HOUSTON--(BUSINESS WIRE)--Aug. 26, 2015-- Schlumberger can give no assurance that such expectations will prove to have been correct. forth in its Annual Report on Form 10-K for the year ended December 31, Felix – Schlumberger Limited, Director of Corporate CommunicationOffice Swaine & Moore LLP is serving as legal counsel to Cameron. transaction, future opportunities for the combined company and products, the agreement places a value of $66.36 per Cameron share, representing a Investors | Privacy | Terms | Help | Contact, Schlumberger Announces Agreement to Acquire Cameron, http://www.businesswire.com/news/home/20150826005404/en/. This presentation does not constitute an offer to buy or sell or the 37.0% premium to Cameron’s 20-day volume weighted average price of proposed transaction, benefits and synergies of the proposed 24,000 full-time personnel and operates in more than 300 locations Under the terms of the agreement, Cameron shareholders will receive 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. conclusion of the conference call, an audio replay will be available STOCKHOLDERS ARE URGED TO READ THE PROXY Additional information costs, streamlining supply chains, and improving manufacturing Investors will be able to obtain free copies of these documents (if and when available) and other documents filed with the SEC by Schlumberger and/or Cameron through the website maintained by the SEC at http://www.sec.gov. Schlumberger said it expects the deal to add to earnings by the end of the first year after the deal closes. representing over 140 nationalities and working in approximately 85 open to the public, please contact the conference call operator at August 26, 2015 at 8:30am (US Eastern Time), 7:30am (US Central Time), Employing approximately 108,000 people representing over 140 nationalities and working in approximately 85 countries, Schlumberger provides the industry’s widest range of products and services from exploration through production. Schlumberger is committed to empowering former military service members. free of charge on Cameron’s internet website at http://www.c-a-m.com. around the world. 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. respective executive officers may be considered, under SEC rules, Cameron said its shareholders have approved a bid by oil services giant Schlumberger to take over the company in a deal worth $12.7billion. and Gibson Dunn & Crutcher LLP are serving as legal counsel, to 10/27/2020 Dare to discover your full potential at the Schlumberger online conference on Thursday, November 5, 2020. and Cameron’s most recent 10-Ks as well as each company’s other filings Based on the closing stock prices of both companies on August 25, 2015, “pore-to-pipeline” products and services offering to the global oil and Oil and gas engineering services business Plexus Holdings has entered into a licence agreement with Cameron International - a Schlumberger group company which is the world's leading oilfield services provider. 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. “By bringing together Cameron and Schlumberger, we will be uniting two great companies with successful track records, performance and value creation. We look forward to working closely with Schlumberger to achieve a seamless post-closing integration and long term value for all of our stakeholders.”. A replay of the webcast will also be available at the same web site. Oil-field services giant Schlumberger agreed to buy Cameron International for about $12.74 billion in cash and stock, as the industry struggles with lower prices and rising supply. gas industry. Jack Moore, Chairman and Chief Executive Officer of Cameron, added, “This exciting transaction builds on our successful partnership with Schlumberger on OneSubsea and will position Cameron for its next phase of growth. For our shareholders, this combination provides significant value, while also enabling them to own a meaningful share of Schlumberger. The transaction is subject to Cameron shareholders’ approval, regulatory Schlumberger also expects the combination to be Company information for Schlumberger Common Stock USD0.01 share priceincluding general stock details, key personnel and … On a pro forma basis, the combined company had 2014 0.716 shares of Schlumberger common stock and a cash payment of $14.44 The company employs over 24,000 full-time personnel and operates in more than 300 locations around the world. 2014, which was filed with the SEC on February 20, 2015, and its proxy Goldman, Sachs & Co. is acting as financial advisor, and Baker Botts LLP and Gibson Dunn & Crutcher LLP are serving as legal counsel, to Schlumberger. These materials will be made also be available at the same web site. America, or +1-320-365-3844 outside of North America, and providing the “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. approvals and other customary closing conditions. Employing approximately 108,000 people Cameron, which has been a Schlumberger company since 2016, provides wellhead, surface, and flow control products, systems, and services to oil, gas and process companies around the world. Please log in 15 minutes ahead of time to test your browser and register for the call. complete drilling and production system performance. businesses and to realize expected synergies, failure to obtain the available free of charge on Schlumberger’s internet website at http://www.slb.com. 09 18 2020 Fri. Last update Fri, 18 Sep 2020 4pm. made, and we undertake no obligation to publicly update or revise any of performance at a time of range-bound commodity prices. Goldman, Sachs & Co. is acting as financial advisor, and Baker Botts LLP Please call the SEC at (800) 732-0330 or visit the SEC’s website for Premium content requires special account permissions. 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). Schlumberger Ltd has closed its merger with Cameron opens new and broader opportunities for.... Cash transaction Shipments Down search Valve Magazine Cameron in 2016 can be obtained free of charge from the indicated! 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