Dahlman Rose Comments on National Oilwell Varco

Dahlman Rose provided color on National Oilwell Varco NOV in a research report published today. Dahlman Rose has previously given National Oilwell Varco a Buy rating and $100 price target. In the report, Dahlman Rose states, "National Oilwell Varco has agreed to acquire Ameron International for $772 million in cash or $85 per Ameron share. Closing is expected in the fourth quarter of this year. While Ameron's businesses have been depressed recently -- in 2009, the company had EBITDA of about $100 million excluding corporate overhead and in 2008, earned over $6 per share." Shares of National Oilwell Varco were trading at $80.01 at the time of posting, up 2.17% from Friday's market close.