Robbins & Myers Inc. (RBN) said its shareholders approved its merger with National Oilwell Varco, Inc. (NOV). As per the agreement, Robbins & Myers would become an unit of National Oilwell Varco and shareholders of Robbins & Myers would receive $60.00 cash for each outstanding share. The merger was approved by the holders of nearly 85.7% of the outstanding shares of Robbins & Myers entitled to vote on the transaction.
The completion of the merger is subject to certain closing conditions, including clearance from the United States Department of Justice under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, and clearance by the Canadian Competition Bureau under the Competition Act of Canada. The parties continue to work to obtain the required clearances, but cannot predict if or when such clearances would be received or the terms of any such clearances.
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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.