On April 8th 2013, General Electric announced the acquisition of Lufkin Industries for $88.50/share, roughly a 38% premium.
http://seekingalpha.com/article/1330011-why-does-ge-like-lufkin-industries?source=feed
http://seekingalpha.com/article/1330011-why-does-ge-like-lufkin-industries?source=feed
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