ChampionX Acquisition By Schlumberger Still Moving Along [Seeking Alpha]
ChampionX Corporation (CHX)
Company Research
Source: Seeking Alpha
Summary ChampionX remains in M&A limbo after the DoJ made a second request for additional information relating to its acquisition deal with Schlumberger. CHX's financial performance has been weak, with declining revenues and margins, particularly in the Reservoir and Production Chemical Technologies segments. Given the current market conditions and limited upside, this all-stock deal may be best participated in on the sidelines. The close date has been pushed back to Q4'24-Q1'25. RapidEye ChampionX ( NASDAQ: CHX ) continues to wade through acquisition limbo as the firm nears the target date to be acquired by Schlumberger ( SLB ). Similar to other O&G mergers and acquisitions, Schlumberger and ChampionX's deal was no different as the DoJ This article was written by Michael Del Monte 3.55K Follower s Follow Michael Del Monte is a buy-side equity analyst with over 5 years of industry experience. Prior to working in the investment management industry, Michael spent ov
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CHX
News
- ChampionX increases Permian Basin chemical production capabilities by nearly 10% [Yahoo! Finance]Yahoo! Finance
- Engineered Bacteria - The Next Big Disruptor? [Yahoo! Finance]Yahoo! Finance
- ChampionX Declares Quarterly DividendGlobeNewswire
- ChampionX Wins Golden Peacock Award for Global Sustainability [Yahoo! Finance]Yahoo! Finance
- ChampionX Wins Golden Peacock Award for Global SustainabilityGlobeNewswire
CHX
Earnings
- 10/23/24 - Beat
CHX
Sec Filings
- 11/18/24 - Form 4
- 11/18/24 - Form 4
- 11/18/24 - Form 4
- CHX's page on the SEC website