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National Oilwell Varco is born



By Upstream staff 

National-Oilwell and Varco International on Friday jointly revealed that the merger of the two companies was approved today by stockholders of each company by what they described as substantial margins.

Stockholders of National-Oilwell also approved the National-Oilwell Varco Long-Term Incentive Plan. Consequently, all conditions to the merger have been satisfied, a statement released today said.

A certificate of merger has been filed in the State of Delaware, which provides that the merger is now effective as of 3 pm, central time, Friday.

On Monday, March 14, National-Oilwell Varco's common stock will trade under the symbol NOV on the New York Stock Exchange.


Friday, 11 March, 2005, 21:07 GMT  | last updated: Wednesday, 27 April, 2005, 15:48 GMT

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