Robbins & Myers Inc. (RBN) announced Thursday morning that it agreed to be acquired by National Oilwell Varco (NOV) in an all cash transaction that valued at approximately $2.5 billion. Closing would be expected to occur in the fourth quarter of calendar 2012.
Robbins & Myers has gapped open sharply higher this morning and is now up 12.56 at $59.36 on the highest volume of the year. The stock has leaped to a new high for the year.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.