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Zeldes & Haeggquist, LLP Announces Investigation of Lufkin Industries Inc. Acquisition by General Electric Co.

SAN DIEGO--(BUSINESS WIRE)--Zeldes & Haeggquist, LLP, a shareholder and consumer rights litigation firm, has commenced an investigation into possible legal claims against the Board of Directors of Lufkin Industries Inc. (“Lufkin”) (NASDAQ: LUFK), regarding possible breaches of fiduciary duties and other violations of law related to Lufkin’s entry into an agreement to be acquired by General Electric Co. (“GE”) (NASDAQ: GE) in a transaction valued at approximately $3 billion.