UK watchdog says it might accept remedial measures offered by SLB, ChampionX [Yahoo! Finance]
ChampionX Corporation (CHX)
Company Research
Source: Yahoo! Finance
ChampionX to address antitrust concerns regarding the two companies' proposed $8 billion deal. The announcement provides a respite to the two companies as the watchdog had last month said SLB's deal for ChampionX could lead to substantial lessening of competition in the UK, unless the firms suggested remedial measures. SLB offered to divest its production chemical technology business, while ChampionX offered to divest its unit, US Synthetic Corp, the Competition and Markets Authority (CMA) said. The companies also offered to licence and give access to certain technologies, such as quartz sensors and transducers, that CMA considered could hurt competition, the agency said. SLB and ChampionX did not immediately respond to Reuters' requests for comment. The regulator said it will make a final decision by June 11 on whether to accept the proposals, with the possibility to extend the timeframe to August 8. The deal is also under antitrust review in Norway, while SLB is legally
Show less
Read more
Impact Snapshot
Event Time:
CHX
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
CHX alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
CHX alerts
High impacting ChampionX Corporation news events
Weekly update
A roundup of the hottest topics