Cameron Settles With US Over NATCO Merger

By Christie Smythe

Law360, New York (November 18, 2009, 1:40 PM ET) -- Bowing to pressure from U.S. antitrust regulators, oil drilling and refining services provider Cameron International Corp. has agreed to divest a portion of its petroleum desalting business in connection with its nearly $1 billion acquisition of competitor Natco Group., allowing the deal to close.

Houston-based Cameron and the U.S. Department of Justice announced the proposed settlement Tuesday, the same day the Justice Department lodged a suit seeking to block the merger in the U.S. District Court for the District of Columbia, alleging it would substantially lessen...
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