Cameron, Natco merger could close Nov. 18 if shareholders approve

By Lisa Kerner

Charlotte, N.C., Nov. 3 - Cameron International Corp. said it expects to close its acquisition of Natco Group Inc. during the fourth quarter of 2009, subject to approval by Natco shareholders and the resolution of remaining antitrust issues.

The transaction could close Nov. 18, the day of Natco's special meeting, according to a Cameron news release.

In June, Cameron announced it will acquire Natco in an all-stock transaction that valued Natco at approximately $780 million.

As previously reported, Natco shareholders will receive 1.185 shares of Cameron common stock for each of Natco's approximately 20.3 million shares outstanding.

Natco is a Houston-based provider of wellhead process equipment, systems and services used in the production of oil and gas.

Cameron is a Houston-based supplier of flow-equipment products and services to the oil and gas industry.

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