Cameron to Acquire Letourneau Technologies Drilling Systems and Offshore Products
Thursday, September 15, 2011
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...