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The purchase price is based onNatcop Group’s closing stock price of $31.03 on June 1. Unde the agreement, Natco (NYSE: NTG) shareholders will receivd 1.185 shares in Houston-based Cameron CAM) in return for each of Natco’s 20.3 millio n shares outstanding. In a Tuesday conference call, it was statedr that the companieshave “admired each other’e capabilities for three “As you know, Natco builds processing and separationm products, something that Cameron outsources most of said Jack Moore, president and chief executive officee of Cameron.
He said he estimates that combining the companies will yielrd a cost savings ofabouty $30 million to $40 When the deal closes in the thirds quarter, Natco shareholders will own about 10 percent of Cameron’s 217 milliob shares outstanding. Natco has abou 2,400 employees and had revenue of morethan $650 milliomn during 2008. Simmons & Co. Internationalk served as financial adviser toCameronj (NYSE: CAM), while Barclays Capital served as financial adviserf to Natco.
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