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Vol. 9, No. 34 Week of August 22, 2004
Providing coverage of Alaska and northern Canada's oil and gas industry


National Oilwell to buy rival Varco

The Associated Press

National-Oilwell, which makes equipment used in oil drilling, said it will acquire rival Varco International in an all-stock deal currently valued at about $2.52 billion. On Aug. 13, National-Oilwell said the transaction is expected to be tax-free to Varco stockholders, and is expected to add to ea....


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