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OCTOBER 10, 1997 -- National-Oilwell, Inc. (NOI/NYSE) announced today that its Board of Directors has declared a two-for-one stock split in the form of a stock dividend payable on November 18, 1997 to stockholders of record on November 10, 1997.
SEPTEMBER 25, 1997 -- National-Oilwell, Inc. (NOI/NYSE) announced today it completed its previously announced combination with Dreco Energy Services Ltd.
SEPTEMBER 24, 1997 -- National-Oilwell, Inc. (NOI/NYSE) and Dreco Energy Services Ltd. (NASDAQ/DREAF, T.S.E./DREA.A) jointly announced today that the combination of the two companies was approved yesterday, September 23, by securityholders of each company by substantial margins.
AUGUST 20, 1997 - - National-Oilwell, Inc. (NOI/NYSE) and Dreco Energy Services Ltd. (NASDAQ/DREAF, T.S.E./DRE.A) jointly announced today that the Joint Management Information Circular and Proxy Statement/Prospectus regarding the combination of the two companies has been declared effective by the United States Securities and Exchange Commission.
JUNE 18, 1997 - National-Oilwell, Inc. (NOI/NYSE) and Dreco Energy Services Ltd. (NASDAQ/DREAF, T.S.E./DRE.A) jointly announced today that they have received notification of early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 relating to the previously announced combination.
MAY 14, 1997 - National-Oilwell, Inc. (NOI/NYSE) and Dreco Energy Services Ltd. (NASDAQ/DREAF, T.S.E./DRE.A) jointly announced today the signing of a definitive agreement to combine the two companies.
APRIL 14, 1997 - National-Oilwell, Inc. (NOI/NYSE) today announced the signing of a letter of intent, subject to a definitive agreement, to purchase 100% of the common stock of PEP, Inc. (a manufacturer of petroleum expendable products) for an undisclosed number of National-Oilwell shares.
APRIL 14, 1997 - National-Oilwell, Inc. (NOI/NYSE) and ANSALDO announced today that they have signed a letter of intent for the purchase by National-Oilwell of the Ross Hill Controls drilling business from Ansaldo Ross Hill.
JULY 17, 1997 - - National-Oilwell, Inc. (NOI/NYSE) today announced second quarter 1997 revenues and operating income of $197.9 million and $14.3 million versus $153.5 million and $8.1 million for the same quarter in 1996.
APRIL 18, 1997 - - National-Oilwell, Inc. (NOI/NYSE) today announced first quarter 1997 revenues and operating income of $176.2 million and $11.3 million versus $141.1 million and $5.3 million for the same quarter in 1996.
February 6, 1997 - - National-Oilwell, Inc. (NOI/NYSE) today announced 1996 revenues and operating income before special items of $648.6 million and $34.7 million versus $545.8 million and $13.8 million in 1995.
November 13, 1996 - - National-Oilwell, Inc. (NOI/NYSE) today announced third quarter 1996 revenues and operating profit of $173.5 million and $10.2 million versus $133.6 million and $5.7 million for the same quarter in 1995.
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