NEW YORK, Feb 21 (Reuters) - Schlumberger Ltd and Smith International do not expect to have to sell any major assets to get antitrust clearance for the oilfield services leader's acquisition of Smith, a source familiar with the deal said on Sunday.
Schlumberger earlier on Sunday announced a deal to buy Smith in an all-stock deal that values the company at about $11.3 billion.
Commenting after the Wall Street Journal reported on Friday that Schlumberger was in talks to buy Smith, analysts said government antitrust enforcers could give the deal a hard look.
(Reporting by Michael Erman, writing by Elinor Comlay; Editing by Tim Dobbyn) Keywords: SCHLUMBERGER/DIVESTITURES (elinor.comlay@thomsonreuters.com; +1 646 223 6116) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Schlumberger earlier on Sunday announced a deal to buy Smith in an all-stock deal that values the company at about $11.3 billion.
Commenting after the Wall Street Journal reported on Friday that Schlumberger was in talks to buy Smith, analysts said government antitrust enforcers could give the deal a hard look.
(Reporting by Michael Erman, writing by Elinor Comlay; Editing by Tim Dobbyn) Keywords: SCHLUMBERGER/DIVESTITURES (elinor.comlay@thomsonreuters.com; +1 646 223 6116) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.