Britain's competition regulator announced on Tuesday that it has accepted undertakings offered by oilfield services firm SLB and ChampionX. These undertakings address the antitrust concerns previously raised regarding their proposed $8 billion merger.
With the acceptance of these measures, the UK watchdog will not further investigate the proposed merger of the companies. This decision removes a significant regulatory hurdle that had been pending.
The clearance paves the way for the completion of the acquisition, which is expected to strengthen SLB's leadership in the production and recovery market. This marks a crucial step towards integrating ChampionX's complementary technologies and expertise into SLB's portfolio.
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