SLB $(SLB)$ has completed its acquisition of ChampionX Corporation, as previously announced. Under the agreement, ChampionX shareholders received 0.735 shares of SLB common stock per ChampionX share, resulting in former ChampionX shareholders owning about 9% of SLB's outstanding shares. This strategic acquisition enhances SLB's portfolio, particularly in production chemicals and complementary technologies like artificial lift and digital solutions, positioning the company to optimize production and reduce costs for customers. The integration aims to deliver significant value through synergies and expanded capabilities in production and reservoir recovery.
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