Key Developments: Schlumberger NV (SLB.N)

SLB.N on New York Stock Exchange

75.34USD
28 Aug 2015
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Latest Key Developments (Source: Significant Developments)

Schlumberger announces agreement to acquire Cameron
Wednesday, 26 Aug 2015 06:00am EDT 

Schlumberger NV:Announces agreement to acquire Cameron.Deal for $14.8 billion.Says total transaction value of $14.8 billion as of Aug. 25.Says transaction expected to be accretive to Schlumberger earnings per share in first year after closing.Says combined company expects $300 million and $600 million in synergies in first and second years.Says Cameron shareholders will receive 0.716 shares of Schlumberger stock and a cash payment of $14.44 in exchange for each Cameron share.Cameron shareholders to get 0.716 shares of Schlumberger common stock and a cash payment of $14.44 in exchange for each Cameron share.Deal for $66.36 per share.Based on the closing stock prices of both companies on Aug. 25, the agreement places a value of $66.36 per Cameron share.Says Goldman, Sachs & co. is acting as financial advisor to Schlumberger on deal.Says it is anticipated that the closing of the transaction will occur in the first quarter of 2016.Says the agreement was unanimously approved by the boards of directors of both companies.Says upon closing, Cameron shareholders will own about 10 pct of schlumberger's outstanding shares of common stock.  Full Article

Schlumberger Ltd declares quarterly dividend
Thursday, 16 Jul 2015 12:00pm EDT 

Schlumberger Ltd:Declared a quarterly dividend of $0.50 per share of outstanding common stock.Payable on Oct. 9 to stockholders of record at the close of business on Sept. 2.  Full Article

Cameron International and Schlumberger unit Onesubsea awarded contract for supply of subsea trees
Friday, 26 Jun 2015 07:30am EDT 

Cameron International:Onesubsea awarded contract for the supply of subsea trees for shah deniz two development, azerbaijan.Says onesubsea awarded contract of more than $60 million for shah deniz two development, operated by BP, offshore azerbaijan.Says deliveries are expected to commence 2016.OneSubsea is a Cameron and Schlumberger company.  Full Article

Schlumberger Unit to Plead Guilty to Violating Iran, Sudan Sanctions - WSJ
Wednesday, 25 Mar 2015 07:08pm EDT 

Schlumberger Ltd:Has agreed to pay $232.7 million for violating U.S. sanctions in Iran and Sudan, part of the government’s extended crackdown on companies doing business with countries the U.S. has declared off limits - The Wall Street Journal.As part of a plea agreement with the Justice Department, Schlumberger will pay a $155.1 million criminal fine and forfeit $77.6 million in illegally obtained profits.Schlumberger Oilfield Holdings Ltd., a subsidiary, will also plead guilty to conspiring to violate the International Emergency Economic Powers Act, or IEEPA, which enables the government to block transactions involving countries under sanctions.The agreement, which still needs court approval, caps a six-year investigation by the Justice Department and the Commerce Department.Schlumberger unit in Texas illegally facilitated the export of drilling equipment to Iran and Sudan from 2004 to 2010 by using special shipping methods to sidestep U.S. sanctions.As part of the company’s penalty, Schlumberger will enter a three-year probation period during which it must notify the government of any other potential sanctions violations.  Full Article

Schlumberger NV announces ordinary dividend payment
Tuesday, 27 Jan 2015 07:00pm EST 

Schlumberger NV:Announces that it has decided to proceed with the cash dividend distribution on the ordinary shares.Says ex date is on Feb. 2.Says record date is on Feb. 11.Says payment date is on April 10.Says gross dividend is $0.5.Says paying agency is BNP Paribas Securities Service (030).  Full Article

Schlumberger declares 25 pct increase in quarterly dividend
Thursday, 15 Jan 2015 01:00pm EST 

Schlumberger Ltd:Declares a quarterly dividend of $0.50 per share of outstanding common stock.Payable on April 10 to stockholders of record at the close of business on Feb. 11.  Full Article

Schlumberger Limited announces cash distribution
Monday, 20 Oct 2014 08:00pm EDT 

Schlumberger Limited:Announces that it has decided to proceed with the cash dividend distribution on the ordinary shares.Says ex date is on Dec. 1.Says record date is on Dec. 3.Says payment date is on Jan. 9, 2015.Says gross dividend is $.040.Says paying agency is BNP Paribas Securities Service (00000030).  Full Article

Schlumberger Limited OneSubsea, Helix and Schlumberger to Form Subsea Well Intervention Alliance
Tuesday, 12 Aug 2014 02:00am EDT 

OneSubsea, a Cameron, Schlumberger company and Helix Energy Solutions Group, Inc:Enters into letter of intent to form alliance to develop technologies and deliver services to optimize the cost and efficiency of subsea well intervention systems.  Full Article

Schlumberger Limited declares quarterly dividend
Thursday, 17 Jul 2014 01:00pm EDT 

Schlumberger Limited:Declares quarterly dividend of $0.40 per share of outstanding common stock.Dividend is payable on Oct. 10, 2014 to stockholders of record at the close of business on Sept. 03, 2014.  Full Article

Schlumberger Limited declares quarterly dividend
Thursday, 17 Apr 2014 05:00am EDT 

Schlumberger Limited:Declares a quarterly dividend of $0.40 per share of outstanding common stock.Payment date July 11.Record date June 04.  Full Article

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Schlumberger to buy oilfield gear maker Cameron in $14.8 billion deal

- Schlumberger Ltd will buy equipment maker Cameron International Corp for $14.8 billion, as the world's top oilfield services firm scrambles to offer a broader range of products at lower prices to oil companies slashing budgets.

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