Other former Robbins & Myers executives received significantly smaller payouts. They, too, will not work for the combined company, according to SEC filings.
National Oilwell Varco completed the acquisition one day after the merger cleared its last antitrust hurdle. The Department of Justice closed its investigation into the deal, and Canadian antritrust officials also said they didn’t plan to take any action against the merger.
National Oilwell makes equipment for production of oil and natural gas, while Robbins & Myers makes pumps and other equipment that control the flow of oil and gas in drilling operations. Robbins & Myers was based in Beavercreek before it moved its headquarters to Willis, Texas, near Houston.
Robbins & Myers operates Chemineer, a maker of fluid agitation equipment and systems based in Dayton, and Moyno, a pump manufacturer based in Springfield.
National Oilwell said in August that it would buy the fellow Houston-based oil and gas equipment company for $60 per share, but the deal had been bogged down by antitrust investigations in the months since.
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