LeTourneau assets sold for second time this year
by Associated Press Published: September 6,2011
Tags: drilling rigs, energy, manufacturing, mergers and acquisitions, oil and gas, oil rigs
VICKSBURG — Joy Global Inc. has agreed to sell the drilling products business of LeTourneau to Cameron International Corp. for $375 million in cash. The deal includes the operation in Vicksburg. LeTourneau’s drilling products business makes oil rig components and equipment. The Vicksburg Post reports Joy Global, a mining services company, will retain a LeTourneau [...] [...]
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