Wall Street Journal Reports Schlumberger To Acquire Smith International

February 19, 2010 11:06 AM |
The Wall Street Journal reported that oil services firm Schlumberger Ltd. (NYSE: SLB) is engaged in advanced negotiations to purchase rival Smith International (NYSE: SII). Shares of Schlumberger dropped $2.66 to $63.15 while Smith International stock surged $4.41 to $37.76.

 

 

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