By Ian Walker
The U.K. Competition and Markets Authority opened a consultation on undertakings offered by SLB and ChampionX to satisfy its concerns over the takeover deal.
The regulator on Friday invited interested parties to comment on the undertakings ahead of a final decision into the deal by July 4.
The regulator launched an investigation into the deal in March as it said it could affect competition if allowed to go ahead. The deal will see SLB--formerly known as Schlumberger--acquire ChampionX for $7.8 billion.
It said that the parties have agreed to sell Schlumberger's production chemicals technologies and ChampionX's subsidiary US Synthetic Corporation, among other things.
The CMA has set a deadline of Aug. 8 to decide whether to accept the undertakings, or a modified version of them.
Write to Ian Walker at ian.walker@wsj.com
(END) Dow Jones Newswires
06-20-25 0942ET
