Weatherford International (WFT) and Tesco (TESO) could become acquisition targets following news that General Electric (GE) has agreed to buy Lufkin Industries (LUFK), Bloomberg reports. Laurence Balter, chief investment strategist at Oracle Investment Research, which owns Weatherford stock, says Weatherford is a great acquisition target and "is mega cheap".
- Investment & Company Information
- Weatherford International
- Lufkin Industries
- General Electric