jabire2389.blogspot.com
The purchase price is based onNatco Group’x closing stock price of $31.03 on June 1. Undert the agreement, Natco (NYSE: NTG) shareholders will receiv 1.185 shares in Houston-based Cameron (NYSE: CAM) in return for each of Natco’s 20.3 millionb shares outstanding. In a Tuesday conferencer call, it was stated that the companieshave “admirecd each other’s capabilities for three years.” “As you Natco builds processing and separation something that Cameron outsources most of said Jack Moore, president and chief executive officer of Cameron.
He said he estimates that combining the companiews will yield a cost savings ofabout $30 million to $40 When the deal closes in the third Natco shareholders will own abouft 10 percent of Cameron’s 217 million sharess outstanding. Natco has about 2,400 employeez and had revenue of morethan $650 million duringt 2008. Simmons & Co. International served as financial adviser toCameron (NYSE: while Barclays Capital served as financial adviser to
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment