Schlumberger acquires rival Smith International for $11.3 billion
Schlumberger, the world's largest oilfield services company, yesterday enterd into a deal to acquire smaller rival Smith International for $11.3 billion in an all-stock transaction.
Schlumberger, the world's largest oilfield services company, is in advanced talks to acquire smaller rival Smith International Inc, The Wall Street Journal reported today, citing people familiar with the negotiations.