National-Oilwell Varco, Inc. (NYSE:NOV) announced its proposed acquisition of Robbins & Myers, Inc. (NYSE:RBN) for about $2.5 billion in cash. According to the agreement, shareholders of Robbins & Myers, Inc. (NYSE:RBN) will receive $60 per share, which is a substantial premium, about 28 percent, on its closing price Wednesday.
National Oilwell Varco, is a global leader in equipment and components used in oil and gas drilling and production operations and the provision of oilfield services. Robbins & Myers, Inc. (NYSE:RBN) is a manufacturer of equipment of global...
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