Cameron International Corp. (less than 0.1%) (CAM – $63.20 – NYSE)(NYSE:CAM) is a Houston, Texas based provider of flow equipment products, systems and services to worldwide oil and gas industries. On August 26, 2015, it was announced that Schlumberger would be acquiring Cameron for $14.8 billion. Under the terms of the merger, Cameron shareholders will receive 0.716 shares of Schlumberger and $14.44 cash for per share. Following shareholder and regulatory approvals, the transaction is expected to close in the first quarter of 2016.
From Mario Gabelli (Trades, Portfolio)'s ABC Fund Merger and Arbitrage shareholder letter for the fourth quarter 2015.
