Scotia Howard Weil Downgrades Cameron International (CAM) to Sector Perform

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HSBC Upgrades Cameron International (CAM) to Hold

August 27, 2015 8:10 AM EDT

HSBC upgraded Cameron International (NYSE: CAM) from Reduce to Hold.

For an analyst ratings summary and ratings history on Cameron International click here. For more ratings news on Cameron International click here.

Shares of Cameron International closed at $59.93 yesterday.

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Gabelli Downgrades Cameron International (CAM) to Hold

August 27, 2015 8:08 AM EDT

Gabelli downgraded Cameron International (NYSE: CAM) from Buy to Hold.

For an analyst ratings summary and ratings history on Cameron International click here. For more ratings news on Cameron International click here.

Shares of Cameron International closed at $59.93 yesterday.

... More

Schlumberger to buy oilfield gear maker Cameron in $14.8 billion deal

August 26, 2015 6:16 AM EDT

By Sneha Banerjee and Shubhankar Chakravorty

(Reuters) - Schlumberger Ltd (NYSE: SLB) will buy equipment maker Cameron International Corp (NYSE: CAM) for $14.8 billion, as the world's top oilfield services firm scrambles to offer a broader range of products at lower prices to oil companies slashing budgets.

The deal, which values Cameron around the market cap it had when oil prices were still $100 a barrel, marks the second big merger among energy services companies since crude prices entered a 60 percent slide last year.

Halliburton and Baker Hughes, Schlumberger's... More

Schlumberger Ltd. (SLB) to Acquire Cameron (CAM) in ~$14.8B Deal

August 26, 2015 6:02 AM EDT

Schlumberger Ltd. (NYSE: SLB) and Cameron (NYSE: CAM) 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.

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.

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%... More