Smith International, Inc. Announces Date for Stockholder Meeting to Consider Schlumberger Transaction
July 14 2010 - 8:12PM
Business Wire
Smith International, Inc. (NYSE: SII) announced today the date
and record date for the 2010 annual meeting of stockholders of
Smith, at which stockholders of Smith will consider and vote upon
matters including the proposed adoption of the agreement and plan
of merger between Smith and Schlumberger Limited, pursuant to which
it is proposed that Smith would become a subsidiary of
Schlumberger.
The annual meeting is scheduled for August 24, 2010, at 9:00
a.m. EST and will be held at the Hotel du Pont, 11th and Market
Streets, Wilmington, Delaware 19899. The record date for
stockholders entitled to vote at the meeting is July 26, 2010.
Smith International, Inc. is a leading supplier of premium
products and services to the oil and gas exploration and production
industry. Smith employs over 23,000 full-time personnel and
operates in over 80 countries around the world.
Forward-Looking Statements
This material includes “forward-looking statements” within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended.
The opinions, forecasts, projections, or other statements other
than statements of historical fact, are forward-looking statements.
Similarly, statements that describe our future plans, objectives or
goals or future revenues or other financial metrics are also
forward-looking statements. Although the Company believes that the
expectations reflected in such forward-looking statements are
reasonable, it can give no assurance that such expectations will
prove to have been correct. These statements are subject to, among
other things, the risk that the meeting is cancelled or delayed,
the risk that the meeting is adjourned once convened to solicit
additional proxies or otherwise, the risk of legal action or
prohibitions against the holding of the meeting, and the risk
factors that are discussed in the Company’s Form 10-K for the
fiscal year ended December 31, 2009 and other documents filed with
the Commission. Should one or more of these risks or uncertainties
materialize, or should the assumptions prove incorrect, actual
results may differ materially from those expected, estimated or
projected. Forward-looking statements speak only as of the date
they are made, and we undertake no obligation to publicly update or
revise any of them in light of new information, future events or
otherwise.
Additional Information
STOCKHOLDERS ARE URGED TO READ THE PROXY STATEMENT/PROSPECTUS
AND REGISTRATION STATEMENT REGARDING THE PROPOSED TRANSACTION WHEN
IT BECOMES AVAILABLE BECAUSE IT WILL CONTAIN IMPORTANT INFORMATION
ABOUT THE PROPOSED TRANSACTION. These documents will contain
important information about the proposed transaction that should be
read carefully before any decision is made with respect to the
proposed transaction. These materials will be made available to the
shareholders of Smith at no expense to them. Investors and security
holders will be able to obtain the documents (when available) free
of charge at the SEC's web site, www.sec.gov. In addition, such
materials (and all other documents filed with the SEC) will be
available free of charge at www.smith.com or www.slb.com. Such
documents are not currently available. You may also read and copy
any reports, statements and other information filed by Smith or
Schlumberger with the SEC at the SEC public reference room at 100 F
Street N.E., Room 1580, Washington, D.C. 20549. Please call the SEC
at (800) 732-0330 or visit the SEC's website for further
information on its public reference room.
Each company’s directors and executive officers and other
persons may be deemed, under SEC rules, to be participants in the
solicitation of proxies in connection with the proposed
transaction. Information regarding Schlumberger’s directors and
officers can be found in its preliminary proxy statement filed with
the SEC on February 9, 2010 and information regarding Smith’s
directors and officers can be found in its proxy statement filed
with the SEC on April 13, 2009. Additional information regarding
the participants in the proxy solicitation and a description of
their direct and indirect interests in the transaction, by security
holdings or otherwise, will be contained in the proxy
statement/prospectus and other relevant materials to be filed with
the SEC when they become available.
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