Cameron Reaches Agreement With Department of Justice Clearing Way for Completion of NATCO Acquisition
November 17 2009 - 3:42PM
PR Newswire (US)
HOUSTON, Nov. 17 /PRNewswire-FirstCall/ -- Cameron (NYSE:CAM) has
reached an agreement with the Department of Justice that will allow
the Company to close on its previously announced acquisition of
NATCO Group Inc. Under the agreement, Cameron will divest its
Edge(TM) refinery desalter business and will license, on a
non-exclusive basis, NATCO's DUAL FREQUENCY® electrostatic
technology for refinery desalter products. The combined revenues of
these businesses would have represented less than two-hundredths of
one percent of Cameron's 2008 revenues. Cameron expects to close
the acquisition as soon as practicable following the approval by
NATCO's shareholders at a special meeting held on November 18.
Cameron (NYSE:CAM) is a leading provider of flow equipment
products, systems and services to worldwide oil, gas and process
industries. Website: http://www.c-a-m.com/ In addition to the
historical data contained herein, this document includes
forward-looking statements regarding the closing, and timing
thereof, of the acquisition, made in reliance upon the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
Because the information herein is based solely on data currently
available, it is subject to change as a result of changes in
conditions over which the Company has no control or influence, and
should not therefore be viewed as assurance regarding the Company's
future performance. Additionally, the Company is not obligated to
make public indication of such changes unless required under
applicable disclosure rules and regulations. DATASOURCE: Cameron
CONTACT: R. Scott Amann, Vice President, Investor Relations of
Cameron, +1-713-513-3344 Web Site: http://www.c-a-m.com/
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