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Weil Advises GE in its Proposed $3.3 Billion Acquisition of Lufkin Industries

Weil is advising longtime client General Electric in connection with its proposed $3.3 billion acquisition of Lufkin Industries Inc., a Texas-based publicly traded provider of artificial lift technologies for the oil and gas industry and a manufacturer of industrial gears, broadening GE Oil & Gas’ artificial lift capabilities and complementing GE’s existing product line. GE will pay Lufkin shareholders $88.50 per share in cash. The transaction is expected to close in the second half of 2013.

The Weil team advising GE in connection with its proposed acquisition includes Corporate partner Howard Chatzinoff (New York); Public Company Advisory Group partner P.J. Himelfarb (Dallas); Technology & IP Transactions partner Charan Sandhu (New York); Real Estate partner Samuel Zylberberg (New York); Tax partners Kimberly Blanchard and Chayim Neubort (both New York); International Arbitration and Trade partner Chip Roh (Washington, DC); Complex Commercial Litigation partner Steven Tyrrell (Washington, DC); Corporate associates Elliot DeRemer (Dallas) and Joanna Jia (New York); Public Company Advisory Group associate Adé Heyliger (Washington, DC); Technology & IP Transactions associates Marisa Geiger and Janell Wise (both New York); Real Estate associate John Goldman (New York); Financial Institutions Regulatory associate Timothy Welch (Washington, DC); Tax associates Mark Dundon (Dallas) and Eric Remijan (New York); Executive Compensation and Employee Benefits associate Henry Neading (New York); Environmental associate Matthew Morton (Washington, DC); and Employment Litigation associate Courtney Fain (New York).

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