Cameron, Natco merger may stall due to DOJ's request for information

By Lisa Kerner

Charlotte, N.C., July 28 - Cameron International Corp. said it could possibly close its merger with Natco Group Inc. in the third quarter of 2009 as originally planned despite a request for information from the Department of Justice.

It is also possible that all the necessary approvals won't be received until sometime in the fourth quarter, Cameron president and chief executive officer Jack B. Moore said in a news release.

In June, Cameron announced it would 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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