SLB’s $7,75B ChampionX Acquisition Delayed
Oilfield services company SBL (formerly Schlumberger) said it has received a second request for additional information from the U.S. Department of Justice in connection with its $7.75 billion acquisition of rival ChampionX.
ChampionX has also received a second request, SLB said, adding that it now expects the deal to close in the fourth or first quarter of 2025, up from its previous target of this year.
Several oil and gas deals have been delayed by second requests for additional information from antitrust regulators. For example, in April, Chesapeake Energy and Southwestern Energy said the closing date for their proposed $7.4 billion merger had been pushed back to the second half of the year after receiving a second request from the Federal Trade Commission.
