National Oilwell Varco Inc. (NYSE: NOV), Houston, TX, has acquired Robbins & Myers (NYSE: RBN), Willis, TX. Robbins & Myers shareholders will receive $60 per common share.
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Robbins & Myers is a supplier of engineered, application-critical equipment and systems in global energy, chemical and other industrial markets.
National Oilwell Varco manufactures equipment and components used in oil and gas drilling and production operations.