Cameron announced June 1 that it is acquiring process equipment company NATCO in an all-stock transfer unanimously agreed upon by the boards of both companies. The agreement values NATCO at approximately $780 million based on Cameron’s stock price as of June 1, 2009. NATCO shareholders would control around ten percent of Cameron’s common stock.
The deal is contingent on approval from NATCO’s shareholders and regulatory agencies, among other variables. It is expected to close in Q3 2009.
For more information: www.c-a-m.com; www.natcogroup.com