July 2 (Reuters) - Oilfield services company SLB
said on Tuesday it has received a second request for additional
information from the United States Department of Justice in
connection with its $7.75 billion acquisition deal for smaller
rival ChampionX ( CHX ).
ChampionX ( CHX ) also received a second request, SLB said, adding
that it now expects the deal to close in the fourth quarter or
the first quarter of 2025, compared to its previous forecast of
end of the year.
Several oil and gas firm deals have been delayed by second
requests from antitrust regulators for additional information as
part of their review process for mergers, since the
consolidation wave began in 2023.
In April, Chesapeake Energy ( CHK ) and Southwestern Energy ( SWN )
said the closing date of their proposed $7.4 billion
merger had been pushed back to the second half of the year from
second quarter, after receiving a second request from the
Federal Trade Commission.
(Reporting by Tanay Dhumal in Bengaluru; Editing by Alan Barona
and Shinjini Ganguli)