General Electric announces plans to buy Lufkin Industries

News

POSTED: Tuesday, April 9, 2013 - 6:00am

UPDATED: Tuesday, April 9, 2013 - 6:14am

Price tag: 3.3 billion

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

Comments News Comments

Post new Comment