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4 years ago
GE to acquire oilfield services provider Lufkin for $3.3 bln
April 8, 2013 / 11:01 AM / 4 years ago

GE to acquire oilfield services provider Lufkin for $3.3 bln

1 Min Read

April 8 (Reuters) - General Electric Co said it will buy oilfield services provider Lufkin Industries Inc for about $3.3 billion.

The offer values Lufkin at $88.50 per share, representing a premium of 38 percent to the stock's Friday close.

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