U.S. oilfield services firm National Oilwell Varco Inc (NOV.N) said on Monday its has refiled a notice with anti-trust regulators to provide them more time to review its proposed takeover of Ameron International Corp (AMN.N). In July, National Oilwell said its planned to purchase fiberglass pipe provider Ameron for $772 million. National Oilwell said it has voluntarily withdrawn and refiled under Hart-Scott-Rodino to provide staff at the U.S. Department of Justice an additional 30 days to review the proposed deal. Closing could occur as early as the fourth quarter of 2011, National Oilwell said.
National Oilwell Varco, Inc. (NOV) is a provider of equipment and components used in oil and gas drilling and production operations, oilfield services and supply chain integration services to the upstream oil and gas industry. Shares of NOV traded higher by 5.26% or $3.51/share to $70.29. In the past year, the shares have traded as low as $36.25 and as high as $86.71. On average, 4895750 shares of NOV exchange hands on a given day and today's volume is recorded at 7036643.
Ameron International Corporation (Ameron) is a multinational manufacturer of engineered products and materials for the chemical, industrial, energy, transportation and infrastructure markets. Shares of AMN traded higher by 0.34% or $0.29/share to $84.43. In the past year, the shares have traded as low as $55.42 and as high as $86.03. On average, 214769 shares of AMN exchange hands on a given day and today's volume is recorded at 118692.
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