Closing set for April 1, 2016
Schlumberger Limited (NYSE: SLB) and Cameron International Corporation
(NYSE: CAM) jointly announced today that Chinese Ministry of Commerce
(MOFCOM) has cleared their proposed merger without any conditions.
MOFCOM approval represents the last major closing condition to the
proposed merger. As a result, the parties intend to close their
transaction on April 1, 2016.
The closing of the proposed merger remains subject to the satisfaction
or waiver of the remaining closing conditions contained in the merger
agreement. Until that time, the companies will continue to operate as
separate and independent entities and continue to serve their respective
customers.
About Schlumberger
Schlumberger Limited is the world’s leading supplier of technology,
integrated project management and information solutions to customers
working in the oil and gas industry worldwide. Employing more than
95,000 people representing over 140 nationalities and working in more
than 85 countries, Schlumberger Limited provides the industry’s widest
range of products and services from exploration through production.
Schlumberger Limited has principal offices in Paris, Houston, London and
The Hague, and reported revenues of $35.47 billion in 2015. For more
information, visit www.slb.com.
About Cameron
Cameron is a leading provider of flow equipment products, systems and
services to worldwide oil and gas industries.
Cautionary Note Regarding Forward Looking Statements
This communication contains “forward-looking statements” within the
meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended. Neither
Schlumberger nor Cameron can give any assurance that such
forward-looking statements will prove correct. These statements are
subject to, among other things, satisfaction of the remaining closing
conditions to the merger and other risk factors that are discussed in
Schlumberger’s and Cameron’s most recent Annual Reports on Form 10-K and
the definitive proxy statement/prospectus referred to below, as well as
each company’s other filings with the SEC available at the SEC’s
Internet site (http://www.sec.gov).
Actual results may differ materially from those expected, estimated or
projected. Forward-looking statements speak only as of the date they are
made, and neither Schlumberger nor Cameron undertakes any obligation to
publicly update or revise any of them in light of new information,
future events or otherwise.
Additional Information
In connection with the proposed transaction, Schlumberger has filed with
the SEC a registration statement on Form S-4, including Amendment No. 1
thereto, which was declared effective by the SEC on November 16, 2015,
and Cameron has filed the definitive proxy statement/prospectus on
November 17, 2015. This communication is not a substitute for the
definitive proxy statement/prospectus, the registration statement or any
other document Schlumberger or Cameron may file with the SEC in
connection with the proposed transaction.
STOCKHOLDERS ARE URGED TO READ THE DEFINITIVE PROXY
STATEMENT/PROSPECTUS, THE REGISTRATION STATEMENT AND OTHER DOCUMENTS
THAT HAVE BEEN AND THAT MAY BE FILED WITH THE SEC REGARDING THE PROPOSED
TRANSACTION CAREFULLY AND IN THEIR ENTIRETY AS AND WHEN THEY ARE
AVAILABLE BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION
ABOUT THE PROPOSED TRANSACTION. These materials will be made available
to stockholders of Cameron at no expense to them. Investors will be able
to obtain free copies of these documents and other documents filed with
the SEC by Schlumberger and/or Cameron through the website maintained by
the SEC at http://www.sec.gov.
Copies of the documents filed with the SEC by Schlumberger are available
free of charge on Schlumberger’s internet website at http://www.slb.com.
Copies of the documents filed with the SEC by Cameron are available free
of charge on Cameron’s internet website at http://www.c-a-m.com.
You may also read and copy any reports, statements and other information
filed by Cameron or Schlumberger with the SEC at the SEC public
reference room at 100 F Street N.E., Room 1580, Washington, D.C. 20549.
Please call the SEC at (800) 732-0330 or visit the SEC’s website for
further information on its public reference room.
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