Smith International has agreed to be taken over by its much larger rival, oilfield services giant Schlumberger Ltd. for $11.34 billion stock-for-stock transaction. (Read the news story.)
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Jack Keough is a contributing editor to Modern Distribution Management and the owner of Keough Business Communications. He can be reached at email@example.com or by phone at 508-734-0029. Keough is the former editor of Industrial Distribution Magazine.