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Schlumberger increases tender offer to $1.24B of Cameron senior notes

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Schlumberger increases tender offer to $1.24B of Cameron senior notes

SchlumbergerLtd.'s U.S. subsidiary Schlumberger Holdings Corp. said it hasincreased the maximum tender amount in its previously announced for the outstandingsenior notes of CameronInternational Corp. to about $1.24 billion, from $1.2 billion.

As of 5 p.m. ET on April 4, the early tender deadline,$1,243,157,000 aggregate principal amount of notes had been validly tenderedand not validly withdrawn, according to Schlumberger's April 5 news release.

Schlumberger Holdings has retained Deutsche Bank SecuritiesInc., J.P. Morgan Securities LLC, and Morgan Stanley & Co. LLC as dealermanagers, and D.F. King & Co. Inc. as the depositary and information agentfor the tender offer.

In August 2015, Schlumberger and Cameron, along withSchlumberger Holdings and Rain Merger Sub LLC, entered into a worth $14.8billion as of the announcement.