- The Department of Justice approval sets Schlumberger up for completing the Cameron merger on time.
- The deal remains on path to provide a boost to Schlumberger's EPS estimates.
- A big concern remains that the market won't appreciate the lower margins from the Cameron business.
- The recommendation remains to hold off on owing this stock until after the company releases the merged financials.
The recent approval of Schlumberger's (NYSE:SLB) purchase of Cameron (NYSE:CAM) sets up the deal to close in Q1'16. The oilfield service giant faced limited regulatory impact from buying the Cameron business that has little overlap.
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