August 9, 2012 / 12:15 PM / 5 years ago

National Oilwell to buy Robbins & Myers for $2.54 billion

(Reuters) - National Oilwell Varco Inc (NOV.N), the largest U.S. oilfield equipment maker, said it will buy Robbins & Myers Inc RBN.N 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.

Reporting by Swetha Gopinath in Bangalore; Editing by Saumyadeb Chakrabarty

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