•  
  •  
  •  
  •  
  •  
  • Untitled Document
    Untitled Document

    Robbins & Myers shareholders approve merger with National Oilwell Varco

    At a special shareholders’ meeting held Dec. 27 in Houston, Robbins & Myers Inc. [NYSE: RBN] announced the approval of the company’s merger with National Oilwell Varco Inc.

    Based on the terms of the merger agreement, Robbins & Myers will become a wholly-owned subsidiary of National Oilwell Varco, and shareholders of Robbins & Myers will receive $60 in cash for each outstanding common share. The merger was approved by the holders of approximately 85.7% of the outstanding shares of Robbins & Myers entitled to vote on the transaction.

    The closing of the merger is subject to certain closing conditions, including clearance from the US Department of Justice under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, and clearance by the Canadian Competition Bureau under the Competition Act of Canada.

    Robbins & Myers Inc. is a major supplier of engineered, application-critical equipment and systems in global energy, chemical, and other industrial markets.

    National Oilwell Varco designs, manufactures, and sells equipment and components used in global oil and gas drilling and production operations. The company also provides oilfield services and supply chain integration services to the upstream oil and gas industry worldwide.

    Most Popular

    Related Articles

    Vanguard to acquire Eagle Rock Energy Partners for $614 million

    05/22/2015 Vanguard Natural Resources LLC and Eagle Rock Energy Partners LP have entered into an agreement and plan of merger pursuant to which a subsidiary of Vanguard will merge into Eagle Rock for total co...

    Verisk Analytics closes Wood Mackenzie acquisition

    05/19/2015 Verisk Analytics Inc., a data analytics provider, has completed the acquisition of Wood Mackenzie Ltd., which provides data analytics and commercial intelligence for the energy, chemicals, metals, ...

    Lucas terminates agreements with Victory Energy

    05/18/2015

    Lucas Energy Inc. confirms that, on May 11, the nonbinding letter of intent previously entered into between Victory Energy Corp. and Lucas was terminated. 

    Williams to acquire all public equity of Williams Partners

    05/14/2015 Williams and Williams Partners LP have an agreement under which Williams will acquire all of the public outstanding common units of Williams Partners in an all stock-for-unit transaction at a 1.115...

    Crestwood companies agree to merge

    05/06/2015 Crestwood Equity Partners LP and Crestwood Midstream Partners LP have agreed to merge the two partnerships and simplify Crestwood’s corporate structure into a single publicly traded partnership wit...

    More clarity, less bias - better mergers

    05/06/2015

    Most mergers fail to deliver the promised value to shareholders

    More Oil & Gas Financial Articles

    Vanguard to acquire Eagle Rock Energy Partners for $614 million

    Fri, May 22, 2015

    Vanguard Natural Resources LLC and Eagle Rock Energy Partners LP have entered into an agreement and plan of merger pursuant to which a subsidiary of Vanguard will merge into Eagle Rock for total consideration of $474 million in Vanguard common units and the assumption of Eagle Rock's net debt of $140 million as of March 31.

    Verisk Analytics closes Wood Mackenzie acquisition

    Tue, May 19, 2015

    Verisk Analytics Inc., a data analytics provider, has completed the acquisition of Wood Mackenzie Ltd., which provides data analytics and commercial intelligence for the energy, chemicals, metals, and mining verticals. The purchase price was £1.85 billion (approximately $2.8 billion, net of foreign currency hedges).

     

    Lucas terminates agreements with Victory Energy

    Mon, May 18, 2015

    Lucas Energy Inc. confirms that, on May 11, the nonbinding letter of intent previously entered into between Victory Energy Corp. and Lucas was terminated. 

    Williams to acquire all public equity of Williams Partners

    Thu, May 14, 2015

    Williams and Williams Partners LP have an agreement under which Williams will acquire all of the public outstanding common units of Williams Partners in an all stock-for-unit transaction at a 1.115 ratio of Williams common shares per unit of Williams Partners.

    Crestwood companies agree to merge

    Wed, May 6, 2015

    Crestwood Equity Partners LP and Crestwood Midstream Partners LP have agreed to merge the two partnerships and simplify Crestwood’s corporate structure into a single publicly traded partnership with a consolidated enterprise value of approximately $7.5 billion.

    OGFJ photo of the day


    Click to view slideshow

    Oil & Gas Jobs

    Search More Job Listings >>
    Subscribe to OGFJ