•  
  •  
  •  
  •  
  •  
  • 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

    PAA acquires Williston Basin crude oil terminal under construction

    03/02/2015 Plains All American Pipeline LP has acquired Legion Terminals LLC, which owns a crude oil terminal under construction in Johnson’s Corner, McKenzie County, North Dakota. The terminal, which is expe...

    Atlas Energy and Atlas Pipeline complete Targa mergers

    03/02/2015 Atlas Energy LP and its midstream oil and gas subsidiary, Atlas Pipeline Partners LP, have completed the merger transactions of Atlas Energy with a subsidiary of Targa Resources Corp. and Atlas Pip...

    Eurasia Drilling updates merger timetable

    02/23/2015 Eurasia Drilling Co. Ltd. and Schlumberger BV are continuing to cooperate with the Russian Federal Anti-Monopoly Service to respond to requests for information regarding the transaction described i...

    Atlas unitholders approve Targa mergers

    02/23/2015 Atlas Energy LP and its midstream oil and gas subsidiary, Atlas Pipeline Partners LP, have announced that ATLS and APL unitholders, at respective special unitholder meetings, approved the pending m...

    Boardwalk to join Alerian Natural Gas MLP Index

    02/20/2015

    Boardwalk Pipeline Partners is expected to be added to the Alerian Natural Gas MLP Index, replacing Atlas Pipeline Partners in a special rebalancing.

    Repsol set to acquire Talisman Energy

    02/19/2015 Repsol has entered into an agreement to acquire 100% of Canadian oil company Talisman Energy worth US$8.3 billion (EU6.64 billion) plus debt. The transaction has been unanimously approved and recom...

    More Oil & Gas Financial Articles

    PAA acquires Williston Basin crude oil terminal under construction

    Mon, Mar 2, 2015

    Plains All American Pipeline LP has acquired Legion Terminals LLC, which owns a crude oil terminal under construction in Johnson’s Corner, McKenzie County, North Dakota. The terminal, which is expected to be in service in the third quarter of 2015, will serve as a crude oil logistics hub in the Williston Basin.

    Atlas Energy and Atlas Pipeline complete Targa mergers

    Mon, Mar 2, 2015

    Atlas Energy LP and its midstream oil and gas subsidiary, Atlas Pipeline Partners LP, have completed the merger transactions of Atlas Energy with a subsidiary of Targa Resources Corp. and Atlas Pipeline with a subsidiary of Targa Resources Partners LP.

    Eurasia Drilling updates merger timetable

    Mon, Feb 23, 2015

    Eurasia Drilling Co. Ltd. and Schlumberger BV are continuing to cooperate with the Russian Federal Anti-Monopoly Service to respond to requests for information regarding the transaction described in the circular to shareholders dated Jan. 20. 

    Atlas unitholders approve Targa mergers

    Mon, Feb 23, 2015

    Atlas Energy LP and its midstream oil and gas subsidiary, Atlas Pipeline Partners LP, have announced that ATLS and APL unitholders, at respective special unitholder meetings, approved the pending merger transactions of Atlas Energy with a subsidiary of Targa Resources Corp. and Atlas Pipeline with a subsidiary of Targa Resources Partners LP.

    Boardwalk to join Alerian Natural Gas MLP Index

    Fri, Feb 20, 2015

    Boardwalk Pipeline Partners is expected to be added to the Alerian Natural Gas MLP Index, replacing Atlas Pipeline Partners in a special rebalancing.

    OGFJ photo of the day


    Click to view slideshow

    Oil & Gas Jobs

    Search More Job Listings >>
    Subscribe to OGFJ