While the Halliburton – Baker Hughes deal is receiving considerable scrutiny by the DOJ, this deal seems to be sailing through.
Oilfield services giants Schlumberger and Cameron International on Tuesday said the U.S. Department of Justice has cleared their proposed $14.8 billion merger, granting early termination of the waiting period mandated by the Hart-Scott-Rodino Act.
The closing of the proposed merger remains subject to approval by Cameron stockholders, with a special shareholders’ meeting to vote on the deal scheduled for Dec. 17 Kallanish Energy reports.
It is interesting that DOJ does not require either company to sell of any of its assets to approve the deal.
Schlumberger and Cameron expect to close the merger in the first quarter of 2016.