Oilfield-equipment company National Oilwell Varco (NOV) agrees to acquire Robbins & Myers...

|About: National Oilwell Varco, Inc. (NOV)|By:, SA News Editor

Oilfield-equipment company National Oilwell Varco (NOV) agrees to acquire Robbins & Myers (RBN) for $2.54B in cash, or $60/share, which represents a 28% premium to the latter's close yesterday. Robbins & Myers +27%, National Oilwell +0.9%. (PR)