T-3 Energy (
TTES) agrees to be acquired by Robbins & Myers (NYSE:
RBN) for cash and stock valued at $31/share, or $422M. TTES stockholders receive 0.894 common shares of RBN plus $7.95/share in cash. The boards of both companies approved the terms. TTES
+16.9%, RBN
+2.1% premarket. (
PR)