Robbins & Myers Notifies DOJ of Closing Date and Certifies
Compliance with Supplemental Information Request in Connection with
NOV Merger
HOUSTON, Jan. 18, 2013 /PRNewswire/ -- Robbins &
Myers, Inc. (NYSE: RBN) announced today that in accordance with the
previously announced timing agreement with the U.S. Department of
Justice ("DOJ"), Robbins & Myers and National Oilwell Varco,
Inc. have notified the DOJ of their intention to close the proposed
merger transaction in which National Oilwell Varco would acquire
all of the outstanding shares of Robbins & Myers for
$60.00 per share in cash on
February 19, 2013. The timing
agreement was entered into in connection with the DOJ's review of
the proposed merger under the Hart-Scott-Rodino Antitrust
Improvements Act of 1976, as amended (the "HSR Act").
Robbins & Myers also announced today that it and National
Oilwell Varco have each certified compliance with the supplemental
information request for records, data and other information from
the Canadian Commissioner of Competition (the "Commission").
Pursuant to the Competition Act of Canada, the premerger waiting period will
expire at 11:59 p.m., Eastern Time,
on February 17, 2013 (which is thirty
calendar days after the date of compliance with the supplementary
information request).
The closing of the merger is subject to certain closing
conditions, including clearance by the DOJ under the HSR Act, and
clearance by the Commission under the Competition Act of
Canada. Absent a challenge by the DOJ or the Commission, the
transaction will be permitted to close on February 19, 2013.
About Robbins & Myers
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 Robbins & Myers, which could
cause actual benefits, results, effects and timing to differ
materially from the results predicted or implied by the
statements. These risks and uncertainties include, but are
not limited to: satisfaction of the conditions to the closing
of the merger (including the receipt of regulatory approvals);
uncertainties as to the timing of the merger; costs and
difficulties relating to the proposed merger; inability to retain
key personnel; changes in the demand for or price of oil and/or
natural gas; and other important risk factors discussed more fully
in Robbins & Myers' final proxy statement filed with the SEC on
November 30, 2012 in connection with
the merger, Robbins & Myers' Annual Report on Form 10-K for the
year ended August 31, 2012, its
Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, and
other reports filed by it with the SEC from time to time.
Robbins & Myers does not undertake any obligation to revise or
update publicly any forward-looking statements for any reason.
SOURCE Robbins & Myers, Inc.