HOUSTON, March 25, 2016 /PRNewswire/ -- 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.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/schlumberger-cameron-merger-receives-chinese-antitrust-approval-300241582.html
SOURCE Cameron International Corporation