Robbins & Myers Announces Record Date and Meeting Date for Special Meeting of Shareholders

Robbins & Myers Announces Record Date and Meeting Date for Special Meeting of
                                 Shareholders

PR Newswire

HOUSTON, Nov. 16, 2012

HOUSTON, Nov. 16, 2012 /PRNewswire/ --Robbins & Myers, Inc. (NYSE: RBN)
announced today that it has established a record date and a meeting date for a
special meeting of its shareholders to consider and vote upon, among other
things, a proposal to adopt the previously announced Agreement and Plan of
Merger dated as of August 8, 2012, by and among Robbins & Myers, National
Oilwell Varco, Inc., and Raven Process Corp., which is a wholly-owned
subsidiary of National Oilwell Varco, and approve the transactions
contemplated thereby.

Robbins & Myers' shareholders of record at the close of business on November
26, 2012, will be entitled to notice of the special meeting and to vote at the
special meeting. The special meeting will be held on December 27, 2012, at
8:00 a.m. Central Time, at Robbins & Myers' headquarters located at 10586
Highway 75 North, Willis, Texas 77378.

The parties continue to target a fourth quarter 2012 closing of their merger,
subject to certain closing conditions, including the approval of Robbins &
Myers' shareholders and clearance under the Hart-Scott-Rodino Antitrust
Improvements Act of 1976, as amended, after compliance with the request for
information (commonly called a "second request") received by Robbins & Myers
and National Oilwell Varco from the US Department of Justice under that Act.
However, compliance with the second request will put pressure on timing and
although a fourth quarter closing is targeted, the closing could slip into
2013.

About Robbins & Myers

Robbins & Myers, Inc. is a leading supplier of engineered,
application-critical equipment and systems in global energy, chemical and
other industrial markets.

Forward-Looking Statements

Statements set forth in this press release that are not historical facts are
forward-looking statements within the meaning of the federal securities laws.
These forward-looking statements are subject to numerous risks and
uncertainties, many of which are beyond the control of Robbins & Myers, which
could cause actual benefits, results, effects and timing to differ materially
from the results predicted or implied by the statements. These risks and
uncertainties include, but are not limited to: the failure of the Robbins &
Myers' shareholders to approve the merger; satisfaction of the conditions to
the closing of the merger (including the receipt of regulatory approvals and
completion of certain compliance due diligence); uncertainties as to the
timing of the merger; costs and difficulties relating to the proposed merger;
inability to retain key personnel; changes in the demand for or price of oil
and/or natural gas; and other important risk factors discussed more fully in
Robbins & Myers' preliminary proxy statement filed with the SEC on August 31,
2012 in connection with the merger, Robbins & Myers' Annual Report on Form
10-K for the year ended August 31, 2012, its Quarterly Reports on Form 10-Q
and Current Reports on Form 8-K, and other reports filed by it with the SEC
from time to time (including Robbins & Myers' final proxy statement relating
to the proposed merger). Robbins & Myers does not undertake any obligation to
revise or update publicly any forward-looking statements for any reason.

Additional Information and Where to Find It

In connection with the proposed merger, Robbins & Myers filed a preliminary
proxy statement with the SEC on August 31, 2012 and may file other relevant
materials with the SEC as well. INVESTORS AND SECURITY HOLDERS ARE URGED TO
CAREFULLY READ THE PROXY STATEMENT AND ANY OTHER MATERIALS REGARDING THE
PROPOSED MERGER (INCLUDING THE FINAL PROXY STATEMENT) WHEN THEY BECOME
AVAILABLE BECAUSE THEY CONTAIN AND WILL CONTAIN IMPORTANT INFORMATION ABOUT
ROBBINS & MYERS AND THE PROPOSED MERGER. The final proxy statement will be
mailed to Robbins & Myers' shareholders. Investors and security holders may
obtain a free copy of the proxy statement (when it is available) and other
documents containing information about Robbins & Myers, without charge, at the
SEC's web site at www.sec.gov. Copies of Robbins & Myers' SEC filings also
may be obtained for free by directing a request to Robbins & Myers, Inc.,
10586 Highway 75 North, Willis, Texas 77378, 1 (936) 890-1064.

Participants in the Solicitation

Robbins & Myers, National Oilwell Varco, and certain of their respective
directors and executive officers may be deemed, under SEC rules, to be
participants in the solicitation of proxies from Robbins & Myers' shareholders
in connection with the proposed merger. Information about Robbins & Myers'
directors and executive officers and the special interests of these persons in
connection with the proposed merger can be found in the preliminary proxy
statement filed by Robbins & Myers with the SEC on August 31, 2012.
Information about National Oilwell Varco's directors and executive officers
can be found in National Oilwell Varco's Annual Report on Form 10-K for its
fiscal year ended December 31, 2011, as filed with the SEC on February 23,
2012, and National Oilwell Varco's proxy statement relating to its 2012 Annual
Meeting of Shareholders, as filed with the SEC on April 5, 2012. These
documents can be obtained, without charge, at the SEC's website at
www.sec.gov.

SOURCE Robbins & Myers, Inc.

Website: http://www.robbinsmyers.com
Contact: Robbins & Myers, Inc., Kevin Brown, +1-936-856-9109,
Kevin.Brown@robn.com
 
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