General Electric (NYSE:GE)
is not messing around when it comes to making itself into a leading
manufacturer of equipment for the oil and gas industry. Having already
established a strong presence for itself in areas like subsea and
surface equipment, GE is taking a deeper dive into artificial lifts with
its high-priced acquisition of Lufkin Industries (Nasdaq:LUFK).
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http://www.investopedia.com/stock-analysis/040913/ge-pays-get-another-attractive-energy-business-ge-lufk-wft-dov.aspx
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