Comment on GE to buy oil pump maker Lufkin for nearly $3 billion

GE to buy oil pump maker Lufkin for nearly $3 billion

(Reuters) - General Electric Co is buying oilfield pump maker Lufkin Industries Inc for $2.98 billion, sharply increasing its presence in the fast-growing market to extract oil and natural gas from shale rock, the conglomerate said on Monday.

 

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