FMC Technologies To Buy Multi Phase Meters
Stock quotes in this article:
FTI
HOUSTON (AP) — Oil drilling equipment manufacturer FMC Technologies Inc. said Thursday it plans to buy Multi Phase Meters AS, which makes flow meters for the oil and gas industry, for $30 million in cash.
The deal also includes two performance-based payments based on the company's 2012 and 2013 earnings before interest taxes, depreciation and amortization. The transaction is expected to close in the fourth quarter. Shares of FMC closed earlier down $1.74, or 3.2 percent, at $51.97.- Loading Comments...
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