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Cameron second quarter earnings per share $0.66, excluding charges of $0.07 per share....

HOUSTON (May 17, 2011) â Cameron (NYSE: CAM) is notifying holders of its 2.50% Convertible Senior Notes due 2026 (CUSIP Nos. 13342BAA3 and 13342BAB1) (the âNotesâ) that they have an option, pursuant to the terms of the Notes, to require Cameron to purchase, on June 15, 2011, all or a portion of such holdersâ Notes (the âPut Optionâ) at a cash price equal to $1,000 per $1,000 principal amount of the Notes, plus any accrued and unpaid interest. If all outstanding Notes are surrendered for purchase the aggregate repurchase price will be approximately $371,769,000

CAMERON FIRST QUARTER EARNINGS PER SHARE $0.46, EXCLUDING CHARGE OF $0.03 PER SHARE ·Previously announced charges for subsea project and accounts receivable incorporated into operating results ·Quarterâs earnings total $0.43 per share, including charge, versus $0.48, including charges, in first quarter of 2010 ·Orders exceed $1.5 billion, backlog increases over year-end levels · Full-year 2011 earnings guidance adjusted to reflect first quarter charges, now $2.50 to $2.60 per share
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