National Oilwell Varco to Acquire Robbins & Myers For $2.5B

National-Oilwell Varco, Inc. (NYSE:NOV) announced its proposed acquisition of Robbins & Myers, Inc. (NYSE:RBN) for about $2.5 billion in cash. According to the agreement, shareholders of Robbins & Myers, Inc. (NYSE:RBN) will receive $60 per share, which is a substantial premium, about 28 percent, on its closing price Wednesday. National Oilwell Varco, is a global leader in equipment and components used in oil and gas drilling and production operations and the provision of oilfield services. Robbins & Myers, Inc. (NYSE:RBN) is a manufacturer of equipment of global energy, chemical and other industrial markets. The company also provides products and services…