Baker Botts Guides Schlumberger's $12.7B Deal For Cameron

Law360, New York (August 26, 2015, 8:16 AM EDT) -- Oilfield services company Schlumberger Ltd., led by Baker Botts LLP, inked a deal worth $12.7 billion for Houston-based Cameron International Corp. Wednesday, marking the latest deal in the oil and gas space amid low energy prices.

Under the terms of the deal, Schlumberger, which supplies technology and integrated project management to oil and gas companies, will pay $14.44 plus 0.716 of a share per share of Cameron, valuing each Cameron share at $66.36, according to a statement.

Based on the 191.4 million shares outstanding, the deal...
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