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Charles Petredis
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Charles Petredis is a senior at The Pennsylvania State University double-majoring in Finance and Economics. Currently he manages the Energy Sector investments of a private fund. He spent the summer of 2008 interning at a hedge fund that specializes in deep value long and short investments.... More
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  • Schlumberger Scoops Up Techsia SA 1 comment
    May 25, 2009 11:21 AM | about stocks: SLB

    The oil services giant Schlumberger Ltd. has purchased Techsia SA, a small petrochemical computer analytic company.  This move could signal the beginning of the consolidation in the services sub-sector that analysts have been long predicting.  The company has just over 50 employees, and no financial terms were announced with the deal.  These types of small services firms have no doubt seen their value fall significantly during the global financial crisis and it is likley that if Schlumberger paid a large "premium" for the company it was still less than its value a year ago.

    Stocks: SLB
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  • fernan1
    , contributor
    Comment (1) | Send Message
     
    Hi Charles
    I was wondering how much you reckon Schlumberger paid for Techsia stuck back in 2009?
    Fernan
    11 Oct 2012, 03:24 PM Reply Like
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