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GE to buy Lufkin-news center for $3.3 billion

Source: Internet
Author: User
Keywords GE acquired financed 300 million dollars
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"Sadie Network News" April 10, General Electric Monday Morning confirmed will spend 3http://www.aliyun.com/zixun/aggregation/19145.html ">3 billion dollar acquisition of oil and gas services company Lufkin Team, the offer is 88.50 dollars per share.

GE said oil and gas were the fastest growing business for the company last year. and Lufkin's own business has grown rapidly, earning 37% last year. GE believes that by consolidating lufkin companies will be able to reduce the cost of a certain.

Lufkin will be GE's biggest takeover deal since December last year.

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