Robbins & Myers Shareholders Approve Acquisition of T-3 Energy Services, Inc.
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DAYTON, Ohio, Jan. 7, 2011 - Robbins & Myers, Inc. (NYSE: RBN) announced that at a special shareholders' meeting held today, the shareholders of Robbins & Myers approved the merger of T-3 Energy Services, Inc. with a wholly-owned subsidiary of Robbins & Myers. The merger was approved by approximately 90.5% of the shares of Robbins & Myers entitled to vote on the transaction, and 99.8% of the shares that were voted. The Company expects the merger to become effective on January 10, 2011.
Based on the terms of the merger agreement, for each share of T-3 common stock, T-3 stockholders will receive 0.894 common shares of Robbins & Myers plus $7.95 in cash. Following the closing, T-3 stockholders collectively will own approximately 27% of Robbins & Myers outstanding shares.
About Robbins & Myers
Robbins & Myers, Inc. is a leading supplier of engineered equipment and systems for critical applications in global energy, industrial, chemical and pharmaceutical markets.
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Web Site: www.robbinsmyers.com
