General Electric announces plans to buy Lufkin Industries
POSTED: Tuesday, April 9, 2013 - 7:00am
UPDATED: Tuesday, April 9, 2013 - 7:14am
Price tag: 3.3 billion
Lufkin — The Lufkin Daily News is reporting; officials with Fairfield, Conn.-based General Electric announced Monday that the company will purchase homegrown oil and gas technology and industrial gear manufacturer Lufkin Industries Inc. for about $3.3 billion.
To read more, head to The Lufkin Daily News website: http://lufkindailynews.com/news/local/article_f724bc40-a099-11e2-b24a-001a4bcf887a.html