Deals
M&A News: General Electric, Patrizia Immobilien, Lagardère, Bank of Shanghai, Banorte
Noteworthy expenditures of the week
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1. General Electric will pay about $3.3 billion for Texas-based Lufkin Industries, which makes machines used in the oil and natural gas industry.
2. Patrizia Immobilien is buying Bayerische Landesbank’s GBW unit, an apartment building owner, in a transaction that values GBW at $3.3 billion, including debt.