SLB (NYSE: SLB) has provided an update on its planned acquisition of ChampionX (NASDAQ: CHX), noting that both parties have received a second request for additional information from the U.S. Department of Justice. Despite this regulatory review, SLB anticipates the transaction will close by late 2024 or early 2025, following necessary regulatory approvals and customary closing conditions. ChampionX stockholders have already approved the deal in a special meeting held on June 18, 2024.

Oil & Gas, Regulatory,United States