Ameron sets October meeting for proposed NOV merger vote

Sources: Ameron International Corp., Pasadena, Calif.; CP staff

Ameron stockholders will convene October 5 to vote on proposals related to a takeover by Houston-based National Oilwell Varco Inc. The companies’ boards jointly announced July 1 an agreement whereby NOV would acquire Ameron in an all-cash transaction, with stockholders receiving $85/share—a 27 percent premium to mid-year trading. Ameron indicated a forthcoming meeting for the vote in a preliminary proxy statement filed with the Securities and Exchange Commission in mid-August. Per agency rules, it will file in early September a final proxy with full details on the merger proposals, meeting and voting.

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