Schlumberger Ltd., the world's biggest oilfield services company, has agreed to purchase fellow industry player Smith International Inc. for about $11 billion in stock in a move to diversify its product offerings and better compete with rival Halliburton Co.
Schlumberger To Buy Smith Int'l For $11 Billion
Yahoo! Buzz US: Top Stories, Yahoo Buzz
Sun, 02/21/2010 - 3:11pm
Sections: business
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