HOUSTON, Feb. 19, 2013 /PRNewswire/ -- National Oilwell
Varco, Inc. (NYSE: NOV) and Robbins & Myers, Inc. (NYSE:
RBN) jointly announced today that the Antitrust Division of the
United States Department of Justice has closed its investigation of
the parties' previously announced merger. NOV and RBN also
received today a no action letter from the Canadian Competition
Bureau. Having received clearance from the United States and Canada, NOV and RBN expect to complete the
merger tomorrow, February 20,
2013. The transaction has been cleared without
modification.
About National Oilwell Varco, Inc.
National Oilwell Varco, Inc. is a worldwide leader in the
design, manufacture and sale of equipment and components used in
oil and gas drilling and production operations, the provision of
oilfield services, and supply chain integration services to the
upstream oil and gas industry.
About Robbins & Myers, Inc.
Robbins & Myers, Inc. is a leading supplier of engineered,
application-critical equipment and systems in global energy,
chemical and other industrial markets.
Forward-Looking Statements
Statements set forth in this press release that are not
historical facts are forward-looking statements within the meaning
of the federal securities laws. These forward-looking
statements are subject to numerous risks and uncertainties, many of
which are beyond the control of National Oilwell Varco, Inc. and
Robbins & Myers, Inc., which could cause actual benefits,
results, effects and timing to differ materially from the results
predicted or implied by the statements. Readers are referred
to documents filed with the Securities and Exchange Commission,
including National Oilwell Varco's and Robbins & Myers' Annual
Reports on Form 10-K for the year ended December 31, 2012 and August 31, 2012, respectively, Robbins &
Myers' recent Quarterly Report on Form 10-Q, the Current Reports on
Form 8-K filed by both companies, and Robbins & Myers' final
proxy statement filed with the SEC on November 30, 2012 in connection with the
transaction, which identify significant risk factors and
uncertainties which could cause actual results to differ from those
contained in forward-looking statements. Neither National
Oilwell Varco nor Robbins & Myers undertakes any obligation to
revise or update publicly any forward-looking statements for any
reason.
SOURCE Robbins & Myers, Inc.