Sponsored Links

National Oilwell to buy Robbins & Myers for $2.54 bln

Related News

Thu Aug 9, 2012 8:09am EDT

Aug 9 (Reuters) - National Oilwell Varco Inc, the largest U.S. oilfield equipment maker, said it will buy Robbins & Myers Inc for $2.54 billion in cash.

Robbins & Myers' shareholders will receive $60 per share, a 28 percent premium to the stock's Wednesday close of $46.80 on the New York Stock Exchange.
Stocks
M&A
Markets
Energy
Industrials
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.