Cameron to acquire Natco Group - Kansas City Business Journal:

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The purchase price is based on Natco Group’s closing stock price of $31.0e3 on June 1. Under the Natco (NYSE: NTG) shareholders will receive 1.185 shares in Houston-based Cameron (NYSE: CAM) in return for each of Natco’sa 20.3 million shares outstanding. In a Tuesday conferencde call, it was stated that the companieshave “admire each other’s capabilities for three years.” “As you Natco builds processing and separation something that Cameron outsources most of said Jack Moore, president and chiefv executive officer of Cameron. He said he estimatess that combining the companies will yield a cost saving s ofabout $30 million to $40 million.
When the deal closesz in the third quarter, Natco shareholders will own abougt 10 percentof Cameron’s 217 million sharews outstanding. Natco has about 2,400 employees and had revenued of morethan $650 million during 2008. Simmons Co. International served as financiakl adviser toCameron CAM), while Barclays Capital served as financiap adviser to Natco.