Wachtell, Baker Botts on $11 Billion Oil Deal

On Sunday, international oil services company Schlumberger LTD., announced plans to merge with Houston-based Smith International--a supplier of oil exploration and production equipment. If approved, the $11 billion dollar purchase would bring Schlumberger - already the biggest oilfield services company in the world - revenues twice as high as its chief competitor Halliburton Co., according to the Wall Street Journal.

Wachtell, Baker Botts on $11 Billion Oil Deal amlawdaily.typepad.com Tue, Feb 23, 2010