vlastaowibopaj.blogspot.com
The purchase price is based onNatco Group’s closing stock price of $31.03 on June 1. Undef the agreement, Natco (NYSE: NTG) shareholders will receivwe 1.185 shares in Houston-based Cameron (NYSE: CAM) in return for each of Natco’se 20.3 million shares outstanding. In a Tuesdayt conference call, it was stated that the companieshave “admired each other’s capabilities for three years.” “Asa you know, Natco builds processing and separation products, somethingv that Cameron outsources most of said Jack Moore, president and chief executivew officer of Cameron.
He said he estimatesx that combining the companiex will yield a cost savings ofabouf $30 million to $40 million. When the deal closes in the thirdc quarter, Natco shareholders will own aboutg 10 percentof Cameron’s 217 million shares outstanding. Natcp has about 2,400 employees and had revenue of morethan $650 milliomn during 2008. Simmons & Co. International served as financiakl adviser toCameron (NYSE: while Barclays Capital served as financiao adviser to Natco.
Saturday, January 1, 2011
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment