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.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.