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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Schlumberger Ltd | NYSE:SLB | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 47.66 | 16 | 10:43:55 |
From May 2019 to May 2024
By Dave Sebastian
Liberty Oilfield Services Inc. is combining with OneStim, Schlumberger Ltd.'s pressure-pumping business in North America, a transaction in which Schlumberger will get 37% of the combined entity's equity.
The deal is expected to close in the fourth quarter, the companies said Tuesday. Liberty's current management team will continue leading the company.
The companies said the combined entity has 2019 pro-forma revenue of $5.2 billion and pro-forma market capitalization of $1.2 billion.
Schlumberger shares rose 1.3% in premarket trading, while Liberty shares were flat.
Write to Dave Sebastian at dave.sebastian@wsj.com
(END) Dow Jones Newswires
September 01, 2020 07:21 ET (11:21 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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