Varco International Inc.
Varco Varco can mean: - National Oilwell Varco - a multinational oil corporation, owner of the Varco brand
- Varco Station - a small unincorporated settlement along Mower County Highway 4 in Austin Township, Minnesota
International Inc. will acquire the assests of the TOTCO TOTCO Technical Oil Tool Company division of Exlog Inc., a subsidiary of Baker Hughes Baker Hughes NYSE: BHI is the world's third-largest oilfield services company behind Schlumberger & Halliburton, its main competitors. Baker Hughes provides the world's oil & gas industry with products and services for drilling, formation evaluation, completion and production. . Under the agreement, Varco will issue to Baker Hughes shares of Varco common stock having a market value of $20 million and will pay Baker Hughes $20 million in cash.
COPYRIGHT 1990 CBJ, L.P.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1990, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.
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