---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-084162"
form_type: "8-K"
ticker: null
cik: "0001723089"
company_name: "ChampionX Corp"
filed_at: "2024-04-02T23:59:59+00:00"
generated_at: "2026-06-04T03:41:22.367724+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# SLB acquires ChampionX in all-stock deal; CHX shareholders get 0.735 SLB shares per share

## Summary
- Exchange ratio: 0.735 SLB shares per CHX share; CHX shareholders will own ~9% of SLB post-closing.
- Annual pre-tax synergies targeted at ~$400M within three years.
- SLB targets $3B in shareholder returns for 2024, $4B for 2025.
- Termination fees: CHX pays $265.4M in certain cases; SLB pays $326.6M in certain cases.
- Closing expected by April 2, 2025, subject to regulatory and ChampionX shareholder approvals.

## SEC filing metadata
- accession: 0001193125-24-084162
- form_type: 8-K
- cik: 0001723089
- company_name: ChampionX Corp
- filed_at: 2024-04-02T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1723089/000119312524084162/0001193125-24-084162-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1723089/000119312524084162/d817351d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-084162
- JSON: https://secwatch.observer/filing/0001193125-24-084162.json
- Plain text: https://secwatch.observer/filing/0001193125-24-084162.txt

## Key facts
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1723089/000119312524084162/0001193125-24-084162-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.