Deals
Oil Pumps in Play as Cameron Purchase Hails More Deals: Real M&A
- Cameron takeover at $15 billion is industry's second-biggest
- FMC and Dril-Quip could be next up for consolidation
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Schlumberger Ltd.’s takeover of Cameron International Corp. could inspire more dealmaking.
The world’s biggest oilfield contractor agreed on Wednesday to buy pump-and-valve maker Cameron for about $66.36 a share in cash and stock. It’s the second-largest oil and gas services deal on record after No. 2 Halliburton Co. agreed to buy No. 3 Baker Hughes Inc. for more than $35 billion in November.