🟢 Schlumberger is trading 5% up today after announcing $3.4 billion Kelvion acquisition

Schlumberger is trading at $60.26, up +5.10% after announcing a $3.4 billion cash acquisition of Kelvion.

• Schlumberger is assuming approximately $0.7 billion in debt.
• The deal expands its data-center thermal-management business and is expected to be accretive to earnings and free cash flow per share within 12 months.
• Sharply higher oil prices and Middle East tensions are providing additional support.