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Weatherford could be acquisition target as GE buys Lufkin, Bloomberg reports

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".