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

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Published Thu, Aug 27, 2015 · 09:50 PM

    Houston

    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 services deal on record after No 2 Halliburton Co agreed to buy No 3 Baker Hughes Inc for more than US$35 billion in November.

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