US Seeks More Info On NOV's $2.5B Robbins & Myers Offer

Law360, New York (October 9, 2012, 8:44 PM EDT) -- The federal government has requested additional information and documents over drilling equipment manufacturer National Oilwell Varco's proposed acquisition of Robbins & Myers Inc. in a deal valuing the Ohio-based specialty oil-drilling parts maker at $2.5 billion, the companies announced Tuesday.

Issued under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, the so-called second request from the U.S. Department of Justice automatically extends the waiting period imposed under the federal law until 30 days after the companies have complied with that solicitation.

“Robbins & Myers and National Oilwell...
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