Under the deal, announced by the companies on Tuesday, Ameron shareholders will receive $85 cash per share, a premium of 28% to the stock's Friday close of $66.27, Reuters reported.
The always-acquisitive National Oilwell, now with $14 billion worth of deals under its belt in just five years, is gearing up for anticipated growth in offshore oil production.
Last September the company paid $500 million for a maker of mooring systems for floating oil production and storage platforms, which it sees as a hot market as drillers move further away from the shore.
"Ameron's
