Robbins, NOV merger passes

December 28, 2012

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.



Current News

Aqua Helix Gets Two-year Contract Offshore Brazil

Aqua Helix Gets Two-year Contract Offshore Brazil

Portugal's First Offshore Wind Auction Set for 3Q as German, Nordic Firms Show Interest

Portugal's First Offshore Wind Auction Set for 3Q as German, Nordic Firms Show Interest

Canada's CNLOPB Licenses Equinor's Significant Offshore Oil Discovery

Canada's CNLOPB Licenses Equinor's Significant Offshore Oil Discovery

Veritas Capital Completes Wood Mackenzie Buy

Veritas Capital Completes Wood Mackenzie Buy

Subscribe for OE Digital E‑News

Offshore Engineer Magazine