GE to buy pumpmaker Lufkin for $3.3bn

GE to buy pumpmaker Lufkin for $3.3bn

Summary:

  • Agreeing a $3.3bn cash deal to buy Lufkin Industries, a manufacturer of specialist pumps.
  • GE’s oil and gas business had revenues of $15.2bn last year, compared with the group’s total revenues of $147.4bn
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Categories: Equity Capital Markets

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