National Oilwell Varco's (NOV +0.7%) $2.5B deal to purchase Robbins & Myers (RBN +27.3%) is...

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

National Oilwell Varco's (NOV +0.7%) $2.5B deal to purchase Robbins & Myers (RBN +27.3%) is the sixth deal NOV has made this year alone, pushing its total M&A spending past $4B. Analysts largely applaud the latest deal, calling the price reasonable and saying the two companies fit together well; they expect the deal to boost NOV’s earnings next year.