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 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.