SLB Announces Agreement to Acquire ChampionX in an All-Stock Transaction
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/2/2026
- Wall Street futures fall as oil, Treasury yields rise on Iran tensions
- Oil prices fall after hitting over one-month high; traders weigh supply risks
- Dell again lifts annual forecasts as AI demand powers record results
- Uber stock gains 2% as tech giant cuts 3,300 jobs in major restructuring
- Berkshire’s Abel says data centers are energy opportunity
- GoPro to merge with Starman Optical in $285M recapitalization deal
- GoPro (GPRO) Halted, News Pending
- Wall Street ends lower as higher yields, rising oil prices mark shaky start to September
- Gap taps Coach architect Reed Krakoff for $29.95-$498 handbag line
- S&P Global shares rise on report of possible CapIQ spinoff
SLB (SLB) PT Raised to $69 at RBC Capital
April 3, 2024 6:37 AM EDTRBC Capital analyst Keith Mackey raised the price target on SLB (NYSE: SLB) to $69.00 (from $66.00) while maintaining a Outperform rating.
The analyst comments "We see the $8.2bn acquisition of CHX as a strategic fit with SLB's portfolio which enhances its exposure to future growth... More
SLB to buy ChampionX for $7.8 billion, analyst shares positive remarks
April 2, 2024 9:59 AM EDTSLB (NYSE: SLB) said on Tuesday it will acquire its smaller competitor, ChampionX (NASDAQ: CHX), in an all-stock transaction valued at $7.75 billion.
This move is part of a broader trend of consolidation within the North American energy sector, where companies are streamlining operations and addressing challenges in operation and pricing.
The acquisition marks... More
