GE Makes Oil & Gas Acquisition

- February 14th, 2011

Zacks Equity Research reports that General Electric Company (NYSE:GE) announces that its Oil & Gas business will acquire the Well Support division of John Wood Group Plc for approximately $2.8 billion.

Zacks Equity Research reports that General Electric Company (NYSE:GE) announces that its Oil & Gas business will acquire the Well Support division of John Wood Group Plc for approximately $2.8 billion.

The market news is quoted as saying:

The transaction is expected to close in the latter half of 2011, subject to shareholders’ approval and customary closing conditions.

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