National Oilwell Varco Announces Name and Certain Management Team Members of Its Distribution Spinoff Company
National Oilwell Varco, Inc. announced that it has formed a new Delaware corporation, NOW Inc., to eventually serve as the independent, publicly traded company for its previously announced proposed plan to spin off to its shareholders its Distribution Business. The proposed publicly traded distribution business intends to operate under the …
National Oilwell Varco and Robbins & Myers, Inc. Announce Merger Agreement
National Oilwell Varco, Inc. and Robbins & Myers have entered into an agreement under which National Oilwell Varco will acquire Robbins & Myers, Inc. in an all cash transaction that values Robbins & Myers at approximately $2.5 billion. Under the agreement, Robbins & Myers’ shareholders will receive $60.00 per share in cash in return for each of the approximately 42.4 …
National Oilwell Varco and Ameron Announce Closing of Merger
National Oilwell Varco (NYSE: NOV) and Ameron International Corporation (formerly NYSE: AMN) announced today that NOV has completed its acquisition of Ameron in a merger transaction valuing Ameron at approximately $777 million. The merger was first announced on July 5, 2011. Pete Miller, Chairman, President and CEO of NOV, remarked, …
National Oilwell Varco and Ameron Announce Early Termination of HSR Waiting Period
National Oilwell Varco, Inc. and Ameron International Corporation announced today that they have received notice from the Department of Justice of early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR Act) in connection with NOV’s proposal to acquire all of the outstanding shares of …