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: TechAgreements

Schlumberger And Smith International Announce Agreement

By TechAgreements

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Under the terms of the agreement, Smith shareholders will receive 0.6966 shares of Schlumberger in exchange for each Smith share. Based upon the undisturbed closing stock prices for both companies on February 18, 2010, the agreement places a value of $45.84 per Smith share, representing a 37.5% premium. Upon closing, and reflecting the issuance of new Schlumberger shares, Smith stockholders...

Full post as published by TechAgreements on February 22, 2010 (boomark / email).

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