GE To Pay $3.3B For Oil Service Co. Lufkin In Stock Deal
GE Oil & Gas will acquire Lufkin, a market leader in artificial lift technologies for oil wells, for $88.50 per share in cash. The price is a 36.7 percent premium over Lufkin's Friday closing price of $63.93 on the New York Stock Exchange.
The deal, which has received unanimous support from Lufkin's board of directors,...
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