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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BING NEWS:
  • Lufkin officials excited about GE merger
    LUFKIN, TX (KTRE) - LUFKIN, TX (KTRE) - General Electric Co. will buy the oilfield equipment maker Lufkin Industries, Inc. for about $3 billion, furthering an effort by GE to grow its oil and gas ...
    07/11/2019 - 2:50 am | View Link
  • GE cutting 262 more Lufkin oil unit jobs in Texas
    GE bought oilfield pump maker Lufkin Industries for about $3.3 billion in 2013, one of several deals the company has struck to boost its presence in oil and gas. The jobs will be eliminated across two ...
    08/23/2015 - 1:00 pm | View Link
  • General Electric just told Texas to get ready for job cuts
    GE agreed to buy oilfield pump maker Lufkin Industries for about $3 billion in 2013, one of several significant deals the company has struck to boost its presence in oil and gas. Overall, GE's oil and ...
    02/2/2015 - 10:38 am | View Link
  • GE gets antitrust approval to buy oil pump maker Lufkin
    WASHINGTON (Reuters) - General Electric Co has won U.S. antitrust approval to buy oilfield pump maker Lufkin Industries Inc , a $2.98 billion deal that will allow GE to sharply increase its presence ...
    05/5/2013 - 6:16 pm | View Link
  • GE gets U.S. antitrust approval to buy oil pump maker Lufkin
    Industries Inc, a $2.98 billion deal that will allow GE to sharply increase its presence in the fast-growing market to extract oil and natural gas from shale.
    05/5/2013 - 1:46 pm | View Link
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