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Schlumberger Warns Against Mini-Tender Offer to Buy Shares at Below-Market Prices
Oilfield services provider Schlumberger Ltd. on Friday urged shareholders to be wary of an offer to buy its shares for below-market prices.
Schlumberger said TRC Capital Corp. launched a “mini-tender” offer to buy up to 1.5 million shares of its stock for $67.75 per share. That’s a 4.5 percent discount to Schlumberger’s closing price on Tuesday, [...]
