Cameron International Corp. (NYSE:CAM)(less than 0.1%) (CAM – $61.32 – NYSE) is a Houston, Texas based provider of flow equipment products, systems, and services to worldwide oil and gas industries. On August 26, 2015, it was announced that Schlumberger would be acquiring Cameron for $14.8 billion. Under the terms of the transaction Cameron shareholders will receive 0.716 shares of Schlumberger and $14.44 of cash per share. Following shareholder and regulatory approvals, the transaction is expected to close in the first quarter of 2016.
From Mario Gabelli (Trades, Portfolio)'s third quarter 2015 ABC Fund commentary.
