The proposed $14.8-billion merger of Schlumberger Ltd. and Cameron International Corp. has been unconditionally cleared by the US Department of Justice, granting early termination of the waiting period required by the Hart-Scott-Rodino Antitrust Improvements Act.
Completion of the proposed merger remains subject to approval by Cameron stockholders and the satisfaction or waiver of other closing conditions in the merger agreement. A special meeting of Cameron stockholders is scheduled for Dec. 17, during which they are expected to cast their votes.
Schlumberger and Cameron expect to close the merger in first-quarter 2016. Until then, the companies will continue to operate separately and independently.
