Market Watch (Free subscription) | 23/10/2008
National Oilwell Varco's third-quarter net income jumps about 50%, reflecting the benefits of its Grant Prideco acquisition, as the drilling-equipment giant moves to reassure investors that business remains strong.
Market Watch (Free subscription) | 23/10/2008
NEW YORK (MarketWatch) -- National Oilwell Varco said Thursday third-quarter net income rose by about 50% to $547.7 million, or $1.31 a share, from $366 million, or $1.02 a share as the oil services giant's business grew from the acquisition of Grant Prideco, which closed in April. Excluding 9 cents a share from the impact of Hurricane Ike and other items, adjusted earnings in the latest period were...
Market Watch (Free subscription) | 29/07/2008
National Oilwell Varco Inc. cashed in on the world’s growing need for oil and gas drilling with a 32% rise in net income, even after absorbing about $63 million in costs related to its purchase of Grant Prideco during the second quarter.
The Houston Business Journal (Free subscription) | 07/03/2008
The National Oilwell Varco Inc. merger with Grant Prideco Inc. is one step closer to a done deal. (NOV) (GRP)
The Houston Business Journal (Free subscription) | 29/02/2008
Grant Prideco Inc. and Dril-Quip Inc. reported fourth-quarter and annual earnings Friday, while Southern Union Co. posted year-end results. (GRP) (NOV) (DRQ) (SUG)
Law Blog - WSJ.com (Free subscription) | 18/12/2007
National Oilwell agreed to buy Grant Prideco for about $7.2 billion in cash and stock, a deal coming amid consolidation in the oil-services sector.
Business Week (Free subscription) | 17/12/2007
The company's deal to buy Grant Prideco makes it a formidable competitor—but it may face price battles in its new drill-bit market
MSNBC.com: Financial Times Highligh (Free subscription) | 17/12/2007
National Oilwell Varco on Monday agreed to buy Grant Prideco for $7.5bn in cash and stock, in a deal that unites the two Houston-based oil services companies amid a wave of consolidation in the sector driven by high oil prices.
The Houston Business Journal (Free subscription) | 17/12/2007
National Oilwell Varco Inc. has agreed to acquire Houston oil drilling equipment-maker Grant Prideco Inc. in a cash-and-stock merger valued at about $7.4 billion. (NOV) (GRP)
Financial Time (Free subscription) | 17/12/2007
National Oilwell Varco agreed to buy Grant Prideco for $7.5bn in cash and stock, in a deal that unites the two Houston-based oil services companies amid a wave of consolidation in the sector
Houston Chronicle (Free subscription) | 17/12/2007
National Oilwell Varco has agreed to acquire Grant Prideco in a combination cash-stock deal, the Houston-based companies said today in a joint news release.
Forbes (Free subscription) | 17/12/2007
The the oil services companies would bring combined $32 billion market cap
Market Watch (Free subscription) | 17/12/2007
NEW YORK (MarketWatch) -- National Oilwell Varco on Thursday said it would buy Grant Prideco for about $7.5 billion in cash and stock. National Oilwell, a leading oil drilling firm, will pay $23.50 in cash and 0.4498 a share of its stock for each share of Grant Prideco. The deal values Grant Prideco at a premium of 22% to Friday's closing price. Market Pulse Stories are Rapid-fire, short news bursts...
Market Watch (Free subscription) | 17/12/2007
This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news.
GuruFocus Updates (Free subscription) | 12/11/2007
While a lot of value Gurus are struggling, Ken Heebnerâ??s CGM Focus Fund gained 68% year to date. Thanks to his large exposure in energy and basic material stocks and small positions in financials. He typically has large turnovers. These are his buys and sells during the third quarter.
