National Oilwell Varco completes Wilson acquisition
June 1, 2012
National Oilwell Varco (NYSE:NOV) has completed the acquisition of the Wilson distribution business segment from Schlumberger (NYSE:SLB).
Offshore staff
HOUSTON– National Oilwell Varco (NYSE:NOV) has completed the acquisition of the Wilson distribution business segment from Schlumberger (NYSE:SLB).
Schlumberger also has committed to divest the remaining portion of its distribution business by agreeing to support NOV’s proposed acquisition of all outstanding shares of CE Franklin Ltd. for CAD$12.75 ($12.24) in cash per share. Schlumberger owns 9,729,582 common shares of CE Franklin.
