HOUSTON--(BUSINESS WIRE)--Feb. 19, 2013--
National Oilwell Varco, Inc. (NYSE: NOV) and Robbins & Myers, Inc.
(NYSE: RBN) jointly announced today that the Antitrust Division of
the United States Department of Justice has closed its investigation of
the parties’ previously announced merger. NOV and RBN also received
today a no action letter from the Canadian Competition Bureau. Having
received clearance from the United States and Canada, NOV and RBN expect
to complete the merger tomorrow, February 20, 2013. The transaction has
been cleared without modification.
About National Oilwell Varco, Inc.
National Oilwell Varco, Inc. is a worldwide leader in the design,
manufacture and sale of equipment and components used in oil and gas
drilling and production operations, the provision of oilfield services,
and supply chain integration services to the upstream oil and gas
About Robbins & Myers, Inc.
Robbins & Myers, Inc. is a leading supplier of engineered,
application-critical equipment and systems in global energy, chemical
and other industrial markets.
Statements set forth in this press release that are not historical facts
are forward-looking statements within the meaning of the federal
securities laws. These forward-looking statements are subject to
numerous risks and uncertainties, many of which are beyond the control
of National Oilwell Varco, Inc. and Robbins & Myers, Inc., which could
cause actual benefits, results, effects and timing to differ materially
from the results predicted or implied by the statements. Readers are
referred to documents filed with the Securities and Exchange Commission,
including National Oilwell Varco’s and Robbins & Myers' Annual Reports
on Form 10-K for the year ended December 31, 2012 and August 31, 2012,
respectively, Robbins & Myers’ recent Quarterly Report on Form 10-Q, the
Current Reports on Form 8-K filed by both companies, and Robbins &
Myers’ final proxy statement filed with the SEC on November 30, 2012 in
connection with the transaction, which identify significant risk factors
and uncertainties which could cause actual results to differ from those
contained in forward-looking statements. Neither National Oilwell Varco
nor Robbins & Myers undertakes any obligation to revise or update
publicly any forward-looking statements for any reason.
Source: National Oilwell Varco, Inc.
National Oilwell Varco, Inc.
Jeremy Thigpen, 713-346-7301