DOJ requires Cameron International to divest certain assets to remedy concerns related to its acquisition of NATCO | Practical Law

DOJ requires Cameron International to divest certain assets to remedy concerns related to its acquisition of NATCO | Practical Law

On 17 November 2009, the US Department of Justice (DOJ) announced that it will require Cameron International Corp. (Cameron) to divest certain refinery desalter assets that it obtained in its 2005 acquisition of Howe Baker Engineers Ltd. (Howe Baker) as a condition to approving Cameron's acquisition of NATCO Group Inc. (NATCO). Cameron must also divest a non-exclusive license to certain NATCO technology utilised in refinery desalters. The announcement came on the same day that the DOJ challenged the proposed acquisition in federal court. The DOJ also filed a proposed consent decree, which if approved by the court would resolve its anti-competitive concerns.

DOJ requires Cameron International to divest certain assets to remedy concerns related to its acquisition of NATCO

by Practical Law
Law stated as at 17 Nov 2009 • USA (National/Federal)
On 17 November 2009, the US Department of Justice (DOJ) announced that it will require Cameron International Corp. (Cameron) to divest certain refinery desalter assets that it obtained in its 2005 acquisition of Howe Baker Engineers Ltd. (Howe Baker) as a condition to approving Cameron's acquisition of NATCO Group Inc. (NATCO). Cameron must also divest a non-exclusive license to certain NATCO technology utilised in refinery desalters. The announcement came on the same day that the DOJ challenged the proposed acquisition in federal court. The DOJ also filed a proposed consent decree, which if approved by the court would resolve its anti-competitive concerns.