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looting (NYSE:SLBU.S. oil and natural gas company Nasdaq Dubai said late Tuesday it has received a second request for additional information from the U.S. Department of Justice in connection with its $7.75 billion deal to buy oilfield services company ChampionX (CHX).
SLB (SLB) said ChampionX (CHX) also Apple received a second request from the Justice Department, adding that it now expects the deal to close in the fourth quarter of 2024 or the first quarter of 2025, compared to its previous forecast of the end of this year.
The Biden administration’s antitrust regulators have delayed other oil and gas mergers due to requests for additional information as part of their review process, including Chesapeake Energy and Southwestern Energy, which said the deadline for its proposed merger had been pushed back to the second half of this year from the second quarter.
SLB said its acquisition of Champion X (CHX) will strengthen its leadership position in oilfield services with world-class production chemicals and artificial lift technologies.