Summary
SLB Limited/NV (SLB) has officially completed its acquisition of ChampionX Corporation via a merger, effective July 16, 2025. This all-stock transaction saw ChampionX become an indirect wholly owned subsidiary of SLB. The merger was executed through an exchange where ChampionX shareholders received 0.735 shares of SLB common stock for each share of ChampionX common stock they held, alongside potential cash for fractional shares. Existing ChampionX equity awards, including options, restricted stock units, and performance awards, have been converted into equivalent SLB awards, reflecting the agreed-upon exchange ratio. This strategic acquisition is expected to bolster SLB's offerings and market position within the energy services sector. Investors should note that the details of the merger agreement were previously filed and registered with the SEC. The company has also issued a press release on July 16, 2025, formally announcing the completion of this significant corporate event.
Key Highlights
- 1SLB has completed the acquisition of ChampionX Corporation through a merger transaction, effective July 16, 2025.
- 2The acquisition was an all-stock transaction where ChampionX shareholders received 0.735 shares of SLB common stock per share of ChampionX common stock.
- 3ChampionX is now an indirect wholly owned subsidiary of SLB.
- 4Existing ChampionX equity incentive awards (options, RSUs, performance awards) have been converted into SLB equity awards based on the exchange ratio.
- 5The issuance of SLB common stock in the merger was previously registered under the Securities Act of 1933.
- 6SLB issued a press release on July 16, 2025, to announce the completion of the merger.