Schlumberger Ltd. recently announced it has entered into an agreement with National Oilwell Varco to sell its Wilson distribution business.

Schlumberger Ltd. recently announced it has entered into an agreement with National Oilwell Varco to sell its Wilson distribution business. Terms of the all-cash transaction, which remains subject to customary closing conditions, including regulatory approval, were not disclosed. However, a recent story on Bloomberg.com suggested the purchase price could have been as much as $800 million.

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