Extracted from this filing and checked against the source text.
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.98
ChampionX Corp entered into Agreement and Plan of Merger with Schlumberger Limited valued at Each share of ChampionX common stock will be converted into 0.735 shares of SLB common stock (effective 2024-04-02).
- Action
- entry
- Agreement
- merger
- Counterparty
- Schlumberger Limited
- Value
- Each share of ChampionX common stock will be converted into 0.735 shares of SLB common stock
- Effective
- 2024-04-02
Exact text from the filing
On April 2, 2024, ChampionX Corporation, a Delaware corporation, (“ ChampionX ”), entered into an Agreement and Plan of Merger (the “ Merger Agreement ”) with Schlumberger Limited, a Curaçao corporation (“ SLB ”), Sodium Holdco, Inc., a Delaware corporation and indirect wholly owned subsidiary of SLB, (“ Sodium US ”), and Sodium Merger Sub, Inc., a Delaware corporation and a wholly owned subsidiary of SLB and Sodium US (“ Merger Sub ”), pursuant to which Merger Sub will be merged with and into ChampionX (the “ Merger ”, together with the other transactions contemplated by the Merger Agreement, the “ Transactions ”), with ChampionX surviving the Merger as an indirect wholly owned subsidiary of SLB.
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