National Oilwell Varco Completes Acquisition of CE Franklin
HOUSTON--(BUSINESS WIRE)--Jul. 19, 2012--National Oilwell Varco, Inc. (NYSE: NOV) ("NOV") and CE Franklin Ltd. (NASDAQ: CFK; TSX: CFT) ("CE Franklin") announced today that NOV Distribution Services ULC ("NDS"), a wholly-owned subsidiary of NOV, has completed its previously-announced acquisition of CE Franklin pursuant to a plan of arrangement. The arrangement resulted in NDS acquiring all of the issued and outstanding common shares of CE Franklin for cash consideration of CAD$12.75 per share.