Freedom Oilfield strikes $448M offer to develop larger North American fracking co .

Denver-based Liberty Oilfield Services Inc. is acquiring the hydraulic fracturing arm of oilfield giant Schlumberger Ltd. in a merger announced Tuesday.

Liberty will acquire the OneStim business unit of Schlumberger (NYSE: SLB), based in Houston, and the transaction will leave Schlumberger with a 37% ownership interest in the combined business.

“This transaction will be a transformative step forward in our journey as a company,” said Chris Wright, Liberty Oilfield founder and CEO, said in a statement.…

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