The following bids, mergers, acquisitions and disposals were reported by 1015 GMT on Monday: ** General Electric Co is nearing a deal to purchase oilfield services provider Lufkin Industries Inc to expand its profitable oil and gas business, The Wall Street Journal reported, citing unidentified sources familiar with the matter.** German real estate company Patrizia said a consortium it is heading won the bidding for peer GBW. Patrizia said on Monday that GBW, owned by regional state-backed lender BayernLB, has about 32,000 residential units and total assets of about 2.5 billion euros ($3.26 billion) as of end-2012.
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 remained unchanged at $63.93. 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 152.
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