Komlossy Law, P.A. Announces Investigation of Lufkin Industries, Inc.

HOLLYWOOD, Fla.--(BUSINESS WIRE)--Komlossy Law, P.A. is investigating the Board of Directors of Lufkin Industries, Inc. (“Lukfin” or the “Company”) (NASDAQ:LUFK) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to complete a sale of the Company to General Electric Co. (“GE”)in a transaction valued at approximately $3.3 billion. Pursuant to the terms of the proposed transaction, Lufkin shareholders are to receive $88.50 in cash for each share of the Company’s stock.