Britain's competition regulator announced on July 15, 2025, that it has accepted undertakings offered by oilfield services firm SLB and ChampionX, thereby clearing the proposed $8 billion merger. This decision removes a significant regulatory hurdle that had been under scrutiny.
The regulator's acceptance of the commitments means it will not further investigate the proposed merger, paving the way for the transaction to proceed. This development follows a period of inquiry into potential antitrust concerns within the UK market.
Following the clearance, SLB and ChampionX jointly announced their intention to consummate the merger on July 16, 2025. This sets a definitive timeline for the completion of the major acquisition, providing clarity for shareholders and the market.
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