ChampionX Completes Merger with SLB, Delists from Nasdaq
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ChampionX ( (CHX) ) has issued an announcement.
ChampionX has completed a merger with SLB, resulting in the termination of its existing credit agreement and the conversion of its common stock into SLB shares. As part of the merger, ChampionX’s stock was delisted from Nasdaq, and its directors and officers resigned, with new leadership from Merger Sub taking over. The merger also involved amendments to ChampionX’s corporate structure, including changes to its certificate of incorporation and bylaws.
The most recent analyst rating on (CHX) stock is a Buy with a $37.00 price target. To see the full list of analyst forecasts on ChampionX stock, see the CHX Stock Forecast page.
Spark’s Take on CHX Stock
According to Spark, TipRanks’ AI Analyst, CHX is a Neutral.
ChampionX’s overall score is driven by strong financial performance and moderate valuation. However, mixed technical signals and a slight decline in revenue and cash flow impact the overall attractiveness.
To see Spark’s full report on CHX stock, click here.
More about ChampionX
Average Trading Volume: 3,281,011
Technical Sentiment Signal: Sell
Current Market Cap: $5.09B
For an in-depth examination of CHX stock, go to TipRanks’ Overview page.
