UK CMA clears SLB-ChampionX merger; closing expected July 16, 2025

SLB LIMITED/NV

UK Competition and Markets Authority cleared the proposed all-stock acquisition of ChampionX by SLB.
CMA approval was the last outstanding regulatory closing condition.
Parties intend to consummate the merger on July 16, 2025.
ChampionX will survive as an indirect, wholly owned subsidiary of SLB.
Closing remains subject to satisfaction or waiver of remaining conditions.

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