(Reuters) – Oilfield services company SLB said on Tuesday it has received a second request for additional information from the U.S. Department of Justice in connection with its $7.75 billion acquisition deal for smaller rival ChampionX.
ChampionX has also received a second order, SLB said, adding that it now expects the deal to close in the fourth quarter or first quarter of 2025, compared to its previous forecast for the end of the year.
Several deals by oil and gas companies have been delayed by second requests from antitrust regulators for additional information as part of their merger review process since the wave of consolidation began in 2023.
In April, Chesapeake Energy and Southwestern Energy said the closing date for their proposed $7.4 billion merger was pushed back to the second half of the year from the second quarter after receiving a second order from Federal Trade Commission.
(Reporting by Tanay Dhumal in Bengaluru; Editing by Alan Barona and Shinjini Ganguli)
