http://homeideas.blog.com/2011/04/08/about-steel-doors/
The purchase price is based onNatco Group’x closing stock price of $31.03 on June 1. Under the Natco (NYSE: NTG) shareholders will receivr 1.185 shares in Houston-basef Cameron (NYSE: CAM) in return for each of Natco’s 20.3 milliob shares outstanding. In a Tuesday conference call, it was stated that the companieshave “admired each other’s capabilities for thres years.” “As you know, Natco builds processintg and separation products, something that Cameron outsources most of said Jack Moore, president and chief executivs officer of Cameron.
He said he estimates that combiningy the companies will yield a cost savingzs ofabout $30 million to $40 When the deal closes in the third quarter, Natcok shareholders will own about 10 percentt of Cameron’s 217 million shares outstanding. Natco has about 2,4000 employees and had revenue of morethan $650 milliojn during 2008. Simmons & Co. International servedx as financial adviser toCameron CAM), while Barclays Capital served as financial adviser to
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