Thompson Hine, V&E Guide $422M Robbins-T-3 Deal

Law360, New York (October 6, 2010, 5:07 PM EDT) -- Engineering equipment firm Robbins & Myers Inc. on Wednesday announced an agreement to acquire oil field products and services provider T-3 Energy Services Inc. in a deal valued at approximately $422 million.

Under the terms of the deal, T-3 shareholders will receive 0.894 common shares of Robbins & Myers plus $7.95 in cash for each share of T-3 common stock. The agreement represents a value of $31.80 per share of T-3 common stock, a premium of approximately 17 percent over T-3's closing share price on Oct....
To view the full article, register now.