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Energy sector could see more deals after US$15b Cameron sale

Schlumberger's US$15b price for Cameron is about 14 times what the company earned before interest, taxes, depreciation and amortization in the last year.


SCHLUMBERGER Ltd's takeover of Cameron International Corp could inspire more dealmaking.

The world's biggest oilfield contractor agreed on Wednesday to buy pump-and-valve maker Cameron for about US$66.36 a share in cash and stock. It's the second-largest oil and gas