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Lufkin Industries

Lufkin Industries

Scott Olson/Getty Images
Scott Olson/Getty Images
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Local Company With 100-Year History To Keep Its Name

More on a story we brought you earlier this week...

General Electric is getting more involved in the energy industry and is in the process of buying Lufkin Industries in a deal valued at around $3.3 billion dollars.  The CEO tells KTRE that Lufkin Industries will keep its name.

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Scott Olson/Getty Images
Scott Olson/Getty Images
[

Lufkin Industries to be Purchased by GE

General Electric wants to get more involved in the energy industry, and that means big bucks for one Lufkin Company.

It's been announced the GE is buying Lufkin Industries for 38 percent above the closing price of its shares on Friday.  GE values the deal at around $3.3 billion dollars.

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Townsquare Media
Townsquare Media
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Lufkin Ushers in Christmas Spirit Saturday, November 17

Less than one week until Thanksgiving, and Lifetime Television Network is already in full Christmas regalia showing the "Twelve Days Of Christmas" for 26 nights!

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