secwatch.observer — SEC 8-K summary
======================================

Issuer:     ChampionX Corp (—)
CIK:        0001723089
Form:       8-K
Filed at:   2024-04-02T23:59:59+00:00
Accession:  0001193125-24-084162
Event type: m_and_a
Sentiment:  positive
Materiality: 0.90
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1723089/000119312524084162/0001193125-24-084162-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1723089/000119312524084162/d817351d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-084162

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer