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Schlumberger completes sale of Wilson Intl

Schlumberger has completed the sale of its Wilson distribution business to National Oilwell Varco, Inc.

Additionally, Schlumberger has committed to divest the remaining portion of its distribution business by agreeing to support NOV's previously announced proposed acquisition of all outstanding shares of CE Franklin for CAD$12.75 in cash per share.

Schlumberger owns 9,729,582 common shares of CE Franklin, or approximately 56% of CE Franklin's outstanding common shares.

Story provided by StockMarketWire.com

01/06/2012

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