Cameron International Corp. (CAM) reached an agreement with the Department of Justice that would allow the company to close on its previously announced acquisition of NATCO Group Inc. Cameron expects to close the acquisition as soon as practicable following the approval by NATCO's shareholders at a special meeting held on November 18.
Under the agreement, Cameron would divest its Edge refinery desalter business and would license, on a non-exclusive basis, NATCO's DUAL FREQUENCY electrostatic technology for refinery desalter products.
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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.