GE Buys Lufkin for $3.3 Billion as Immelt Adds to Energy

General Electric Co. is tapping proceeds from the sale of NBC to fund its $3.3 billion purchase of Lufkin Industries Inc.

http://www.energytribune.com/75639/ge-buys-lufkin-for-3-3-billion-as-immelt-adds-to-energy