Robbins, NOV merger passes

87% of shareholders approved NOV acquisition

Robbins & Myers shareholders overwhelming approved NOV's acquisition of the company, Robbins & Myers announced on 27 December 2012.

Nearly 85.7% of outstanding shares voted for the transaction, which will transform the engineered equipment and systems supply firm into a wholly-owned subsidiary of NOV.

In August, NOV offered Robbins & Myers an all cash consideration of $2.5 billion. Shareholders will receive $60 per share for 42.4 million outstanding shares.

The merger remains subject to approval by US and Canadian antitrust regulators.