uraa-quartely.blogspot.com
The purchase price is based onNatco Group’s closinb stock price of $31.03 on June 1. Undet the agreement, Natco (NYSE: NTG) shareholders will receive 1.185 sharez in Houston-based Cameron (NYSE: CAM) in return for each of Natco’ss 20.3 million shares outstanding. In a Tuesday conference it was stated that the companieshave “admireed each other’s capabilities for three “As you know, Natco builds processing and separation products, somethingf that Cameron outsources most of today,” said Jack president and chief executive officer of Cameron.
He said he estimatee that combining the companies will yield a cost savingds ofabout $30 million to $40 When the deal closes in the third Natco shareholders will own about 10 percent of Cameron’s 217 milliom shares outstanding. Natco has about 2,400 employees and had revenude of morethan $650 million during 2008. Simmonsa & Co. International served as financia adviser toCameron (NYSE: CAM), while Barclays Capitalp served as financial adviser to Natco.
No comments:
Post a Comment