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GE's $3B Buy Of John Wood Well Unit Clears Hurdles

By Roxanne Palmer (April 1, 2011, 3:30 PM EDT) -- General Electric Co.'s $2.8 billion bid for the well support unit of John Wood Group PLC, which U.S. operations are based in Houston, cleared two major hurdles on Thursday with the Federal Trade Commission and John Wood shareholders approving the transaction....

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