ChampionX Corporation Class Action Notice for Investors
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
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Source: Globenewswire
- Class Action Notice: The Portnoy Law Firm advises investors of ChampionX Corporation (NASDAQ: CHX) regarding a class action for those who purchased securities between February 29 and April 1, 2024, with a deadline for lead plaintiff motions set for July 14, 2026.
- Acquisition Offer Details: On February 29, 2024, ChampionX received a non-public acquisition offer from Schlumberger at $36.70 per share, which was later raised to $37.80 on March 7, while ChampionX repurchased its stock at lower market prices, raising concerns about undisclosed material information.
- Stock Performance: During the class period, ChampionX's average stock price was $33.32 per share, indicating that the stock was trading below the acquisition offer prices, potentially leading to investor losses.
- Acquisition Completion: Schlumberger ultimately completed the acquisition of ChampionX on July 16, 2025, at $40.58 per share, highlighting a significant disparity between market performance and the acquisition interest shown by Schlumberger.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
