Cameron Settles With US Over NATCO Merger

Law360, New York (November 18, 2009, 1:40 PM EST) -- 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...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.