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Cameron to Acquire Letourneau Technologies Drilling Systems and Offshore Products

Thursday, September 15, 2011  
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Cameron has agreed to acquire LeTourneau Technologies Drillings Systems and Offshore Products divisions from Joy Global Inc. for approximately $375 million in cash. The boards of Cameron and Joy Global Inc. have unanimously approved the transaction, which is subject to customary closing conditions. Closing is scheduled during the 4th quarter of 2011. More...

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