The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Monday:** General Electric Co said it will purchase oilfield services provider Lufkin Industries Inc for about $3.3 billion to expand its oil and gas business.
Lufkin Industries, Inc. is a global supplier of artificial lift products, technology, services and solutions, including automated control equipment and analytical products for artificial lift equipment, to the oil and gas industry. Shares of LUFK traded higher by 37.68% or $24.09/share to $88.02. In the past year, the shares have traded as low as $45.11 and as high as $80.04. On average, 508110 shares of LUFK exchange hands on a given day and today's volume is recorded at 2780711.
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