National Oilwell to buy Robbins & Myers for $2.54 bln

Thu Aug 9, 2012 8:09am EDT

Related News

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.

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

Find your dream retirement town

Florida? Hawaii? Reuters has teamed up with Zillow to give you the power to customize a list of your best places to retire.  Video | Full Article