CFK CE Franklin Ltd. (MM)

Schlumberger Ltd. (SLB) may receive up to $800 million in the sale of its oilfield supply distribution unit, Bloomberg News reported Thursday, citing people with knowledge of the matter.

The division includes Wilson International and a 56% stake in CE Franklin Ltd. (CFK). In February, Schlumberger said in a regulatory filing that it would explore possible transactions involving its CE Franklin stake.

The distribution business had sales of more than $2.6 billion last year, Bloomberg said.

Full story at http://www.bloomberg.com/news/2012-03-14/schlumberger-is-said-to-seek-buyer-for-oilfield-supply-business.html

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