Locke Lord LLP is serving as legal advisor to National Oilwell Varco, Inc. (NOV) in its plan to pursue a spin-off of its distribution business from the remainder of the company, creating two stand-alone, publicly traded corporations. NOV designs, manufactures, and sells equipment and components used in oil and gas drilling and production operations. The distribution company will be a provider of maintenance, repair and operating supplies to the energy and industrial markets. Locke Lord Partners Eric Johnson, Mike Peters, Mike Rutledge and Andrew Betaque are advising NOV.
Posted September 20, 2013