srikanth-topic.blogspot.com
The purchase price is based onNatco Group’s closing stocmk price of $31.03 on June 1. Unded the agreement, Natco (NYSE: NTG) shareholders will receive 1.185 shares in Houston-based Cameron CAM) in return for each of Natco’s 20.3 millio n shares outstanding. In a Tuesdat conference call, it was stated that the companieshave “admire d each other’s capabilities for three “As you know, Natco builds processin g and separation products, something that Cameronb outsources most of today,” said Jack Moore, president and chied executive officer of Cameron.
He said he estimates that combining the companiesd will yield a cost savings ofaboutt $30 million to $40 million. When the deal closee in the third quarter, Natco shareholders will own about 10 percenof Cameron’s 217 million sharesx outstanding. Natco has about 2,400 employees and had revenue of morethan $650 million during 2008. Simmons Co. International served as financialo adviser toCameron (NYSE: while Barclays Capital served as financial adviser to
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment