Smith International was a Fortune 500 company headquartered in the Greenspoint district and in unincorporated Harris County, Texas. Smith International ceased to exist as an independent company following the merger with Schlumberger. This company supplies products to gas and oil production and exploration companies. The company used to be easily identified by its red Sii logo. The company had recently changed its logo to consist of the word "SMITH" in black capital letters with a green globe. A February 21, 2010 announcement said Schlumberger would acquire the company in an all stock deal... valued at $11.3 billion. The sale price is 45.84-a-share price was 37.5 percent higher than Smith's closing price on February 18, 2010. The deal is the biggest acquisition in Schlumberger history. The merger received unconditional approval from the US Department of Justice on July 27, 2010. Subsequently, the merger with Schlumberger was completed on August 27, 2010. The original part of the company, Smith Bits, grew out of a blacksmith shop in the small town of Whittier, California, in 1902. It was there, at the age of 20, that Herman C.
more
| NYSE symbol: | SII |
| Founded: | 1937 |
| Headquarters: | Houston, Texas |
| Annual revenue: | $10,770,840,000 |
| Net income: | $767,280,000 |
| Operating income: | $1,642,410,000 |
| Market cap: | $15,000,000,000 |
| Industries: | Oil and Gas Field Machinery and Equipment Manufacturing, Energy |