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8-K - CAMERON INTERNATIONAL 8-K 11-17-2009 - CAMERON INTERNATIONAL CORP | form8-k.htm |
Exhibit
99.1
2009-16
Contact:
R. Scott Amann
Vice
President, Investor Relations
(713)
513-3344
CAMERON
REACHES AGREEMENT WITH DEPARTMENT OF JUSTICE CLEARING WAY FOR COMPLETION OF
NATCO ACQUISITION
HOUSTON
(November 17, 2009) – Cameron (NYSE: CAM) has reached an agreement with the
Department of Justice that will allow the Company to close on its previously
announced acquisition of NATCO Group Inc.
Under the
agreement, Cameron will divest its Edge™ refinery desalter business and will
license, on a non-exclusive basis, NATCO’s DUAL FREQUENCY®
electrostatic technology for refinery desalter products. The combined
revenues of these businesses would have represented less than two-hundredths of
one percent of Cameron’s 2008 revenues.
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.
Cameron (NYSE: CAM) is a leading
provider of flow equipment products, systems and services to worldwide oil, gas
and process industries.
###
Website: www.c-a-m.com
In addition to the historical data
contained herein, this document includes forward-looking statements regarding
the closing, and timing thereof, of the acquisition, made in reliance upon the
safe harbor provisions of the Private Securities Litigation Reform Act of
1995.
Because the information herein is based
solely on data currently available, it is subject to change as a result of
changes in conditions over which the Company has no control or influence, and
should not therefore be viewed as assurance regarding the Company’s future
performance. Additionally, the Company is not obligated to make
public indication of such changes unless required under applicable disclosure
rules and regulations.