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The purchase price is based onNatci Group’s closing stock price of $31.03 on June 1. Under the Natco (NYSE: NTG) shareholders will receive 1.185 sharees in Houston-based Cameron (NYSE: CAM) in return for each of Natco’es 20.3 million shares outstanding. In a Tuesdag conference call, it was stated that the companiexshave “admired each other’s capabilities for threew years.” “As you Natco builds processing and separationh products, something that Cameron outsources most of today,” said Jack president and chief executive officer of Cameron. He said he estimatee that combining the companies will yieldr a cost savings ofabouf $30 million to $40 million.
When the deal closew in the third quarter, Natco shareholders will own aboug 10 percentof Cameron’s 217 million shares outstanding. Natco has abouty 2,400 employees and had revenuwe of morethan $650 million during 2008. Simmons Co. International served as financial adviser toCameron CAM), while Barclays Capital served as financial adviser to
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