ChampionX Corporation (CHX) has disclosed a new risk, in the Litigation & Legal Liabilities category.
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ChampionX Corporation faces a significant business risk due to potential litigation challenging its planned merger. If lawsuits are filed and neither dismissed nor settled, they could impede or delay the merger process, potentially resulting in significant financial burdens. Such legal challenges may involve ChampionX, SLB, and associated directors and officers, presenting a considerable hurdle to the merger’s completion. This litigation risk underscores the uncertainties and financial implications that could affect ChampionX’s strategic objectives.
The average CHX stock price target is $40.00, implying 40.11% upside potential.
To learn more about ChampionX Corporation’s risk factors, click here.