Robbins & Myers Shareholders Approve Merger with National Oilwell Varco

   Robbins & Myers Shareholders Approve Merger with National Oilwell Varco

PR Newswire

HOUSTON, Dec. 27, 2012

HOUSTON, Dec. 27, 2012 /PRNewswire/ --Robbins & Myers, Inc. (NYSE: RBN)
announced today that at its special shareholders' meeting held this morning,
the shareholders of Robbins & Myers approved the merger of Robbins & Myers
with National Oilwell Varco, Inc. Based on the terms of the merger agreement,
Robbins & Myers will become a wholly-owned subsidiary of National Oilwell
Varco and shareholders of Robbins & Myers will receive $60.00 in cash for each
outstanding common share (the "Merger"). The Merger was approved by the
holders of approximately 85.7% of the outstanding shares of Robbins & Myers
entitled to vote on the transaction.

The closing of the Merger is subject to certain closing conditions, including
clearance from the United States Department of Justice under the
Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, and
clearance by the Canadian Competition Bureau under the Competition Act of
Canada. The parties continue to work to obtain the required clearances, but
cannot predict if or when such clearances will be received or the terms of any
such clearances.

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: 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' final proxy statement filed with the SEC on November 30, 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. Robbins & Myers does not undertake any obligation to revise or update
publicly any forward-looking statements for any reason.

SOURCE Robbins & Myers, Inc.

Contact: Kevin Brown, Robbins & Myers, Inc., +1-936-856-9109,
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