Two leading US service providers to the upstream industry, National-Oilwell, Inc and Varco International Inc, are making progress in their merger plans following the signing of a definitive merger agreement two weeks ago. The merger agreement, unanimously approved by each company’s board of directors, calls for Varco stockholders to receive 0.8363 shares of National Oilwell…
COMPANIES: National Oilwell, Varco proceeding with merger
Posted on August 26, 2004 by EnergyAsia