Cameron International Corp. (CAM) announced Wednesday morning that it has agreed to be acquired by Schlumberger (SLB). Cameron shareholders will receive 0.716 shares of Schlumberger common stock and $14.44 in cash for each Cameron share.
Cameron International gapped open dramatically higher Wednesday, but moved in a narrow range throughout the session. Shares finished up by 17.46 at $59.93 on the highest volume of the year. The stock jumped to a 9-month high.
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.