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Natco shareholders urged to vote for Cameron merger on Nov. 18
By Lisa Kerner
Charlotte, N.C., Oct. 20 - Natco Group Inc. will hold a special meeting of shareholders at 11 a.m. ET on Nov. 18 in Houston for the purpose of approving the company's acquisition by Cameron International Corp., according to a form 424B3 filed with the Securities and Exchange Commission.
The record date for the meeting is Oct. 6.
Natco's board of directors unanimously approved the deal and recommends that shareholders vote in favor of the merger agreement, the filing said.
In June, Cameron announced it would acquire Natco in an all-stock transaction that valued Natco at approximately $780 million.
As previously reported, Natco shareholders will receive 1.185 shares of Cameron common stock for each of Natco's approximately 20.3 million shares outstanding.
Natco is a Houston-based provider of wellhead process equipment, systems and services used in the production of oil and gas.
Cameron is a Houston-based supplier of flow-equipment products and services to the oil and gas industry.
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