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 gapped open dramatically higher Thursday, but traded in a narrow range throughout the session. The stock closed up by 12.83 at $59.63 on the highest volume of the year and leaped to a new 52-week high.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.