National Oilwell Varco To Acquire Ameron For $772M

Law360, Wilmington (July 5, 2011, 4:16 PM EDT) -- Houston-based National Oilwell Varco Inc. on Tuesday announced an agreement to buy Ameron International Corp., a California manufacturer of fiberglass pipe for transporting oil and corrosive fluids, for $772 million.

The $85 per share, all cash offer has already been approved by both companies’ boards, according to a joint statement, but still needs to be cleared by a majority of Ameron’s shareholders. The companies say the deal could close as early as the fourth quarter of 2011.

"The acquisition of this leading fiberglass pipe provider will...
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