Schlumberger has received approval from the European Commission (EU) for the US$14.8 billion takeover of Cameron International, after the EU concluded that the proposed acquisition would raise no competition concerns. Schlumberger…
BG Group shareholders made the final decision in the US$70 billion mega merger with Shell in an overwhelming 99.53% vote in favor of the deal today (28 January), making it the biggest merger between two supermajors in more than a decade. BG…
Shell shareholders approved the US$70 billion takeover of BG Group in a landslide vote of 83.08% in favor of the mega merger today (27 January) in The Hague, The Netherlands. Shell CEO Ben van Beurden…
Cameron stockholders voted to approve the merger agreement between the equipment manufacturer and Schlumberger today (December 18) at a special meeting. In late August, oilfield services giant Schlumberger announced it would acquire Cameron in a deal worth US$14…
Halliburton and Baker Hughes’ efforts to complete their US$34.6 billion mega merger hit a new snag with the Antitrust Division of the US Department of Justice (DOJ). Image from Baker Hughes. The…
Houston-based Schlumberger will issue five tranches of senior notes worth US$6 billion to help fund its pending $14.8 billion mega merger with Cameron International. Image from Schlumberger. Last week on 10 December…
Shell has cleared the final regulatory approval for its US$70 billion acquisition of BG Group, after receiving 'unconditional merger clearance' from the Chinese Ministry of Commerce (MOFCOM). This approval from China is the final regulatory…
Shell's US$70 million BG Group merger deal has finally been approved by the Australia's Foreign Investment Review Board. The move had been delayed from mid-September to November by the Australian Australian Competition and Consumer Commission…
The US$70 billion Shell and BG Group mega merger received antitrust clearance from the Australian Competition and Consumer Commission (ACCC). Image from Shell. This leaves the…
The US Department of Justice (DOJ) has cleared the proposed multi-billion dollar merger between Schlumberger and Cameron International without any conditions, both companies announced in a joint statement on Wednesday (18 November). The…
US services giant Halliburton is offering five tranches of senior notes for a total of US$7.5 billion, to use the cash to fund a portion of the pending $34.6 billion Baker Hughes mega merger. Image from Baker Hughes…
The Australian Competition & Consumer Commission (ACCC) has pushed back its deadline to make a decision on Shell’s US$70 billion bid for BG Group. The ACCC says the deadline, initially set to September 17, before being delayed until November 12…
Less than a month after oil services giant Schlumberger dropped its merger deal with Eurasia Drilling Co. (EDC), the Russian company announced that it received another potential merger offer that could send Eurasia to the private sector. Image…
The pending Halliburton and Baker Hughes mega merger will result in additional divestures of businesses for the approval of the US$34.6 billion deal, which is also under a three-week delay with the Antitrust Division of the US Department of Justice (DOJ)…
Oil services giant Schlumberger is pulling the plug on its proposed US$1.7 billion acquisition of Russian drilling contractor Eurasia Drilling Co. (EDC) to focus on other merger and acquisition (M&A) opportunities. The…
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