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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